New Jersey § 54:4-3.48 Exemption of blast or radiation fallout shelters

New Jersey Statutes

§ 54:4-3.48 — Exemption of blast or radiation fallout shelters

New Jersey § 54:4-3.48

Title 54TAXATION

This text of New Jersey § 54:4-3.48 (Exemption of blast or radiation fallout shelters) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 54:4-3.48 (2026).

Text

The value of any blast or radiation fallout shelter erected upon real property occupied for residential purposes by not more than 2 families, to the extent that it has enhanced the value of such property, shall be exempt from taxation, provided, however, that such exemption shall not exceed $1,000.00 of the assessed value of such property based at 100% of true value. L.1962, c. 87, s. 1, eff. June 18, 1962.

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The value of any blast or radiation fallout shelter erected upon real property occupied for residential purposes by not more than 2 families, to the extent that it has enhanced the value of such property, shall be exempt from taxation, provided, however, that such exemption shall not exceed $1,000.00 of the assessed value of such property based at 100% of true value. L.1962, c. 87, s. 1, eff. June 18, 1962.