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New Jersey Statutes, Title: 54, TAXATION

    Chapter 4: Property subject to taxation.

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

           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.



This section added to the Rutgers Database: 2012-09-26 13:37:56.






Older versions of 54:4-3.48 (if available):



Court decisions that cite this statute: CLICK HERE.