N.J. Admin. Code § 5:33-3.4

Current through Register Vol. 56, No. 18, September 16, 2024

Section 5:33-3.4 - Notices of Tax Reduction

(a) Tax Reduction Notices issued by tax collectors and MOD IV data centers throughout the State shall be substantially uniform. They shall contain the components listed in (b) and (c) below, and shall be in the form illustrated in Appendix A, incorporated herein by reference. The form may be modified locally, with approval of the Director. Any such modification shall continue to be substantially consistent with Appendix A. At the discretion of the municipality, other relevant information may be added to the form so as to further clarify or explain the main contents, or to address conditions that may be unique to the local area. However, the basic style and substance of the form shall be maintained, as set forth in (b) and (c) below.

(b) Tax Reduction Notices shall contain the following components:

1. The front or top section of the form shall contain the following information:

i. A heading;

ii. A description of the qualified rental property which includes, at a minimum, the name of the municipality and county; the block, lot and qualification code numbers; the street address; and the owner's name and mailing address;

iii. The rebate calculation showing the base year date and tax; the current year date and tax; a calculation of the property tax reduction; any REAP property tax credit amount; any local miscellaneous revenue credit; and the total amount to be rebated;

iv. The return address of the tax collector or local agency; and

v. Instructions for completing the form, and any relevant explanatory information.

2. The back or bottom section of the form shall contain the following information:

i. The owner's rent rebate certificate;

ii. The calculated amount and distribution of the monthly and annual tenant rebates by rent classes;

iii. An allocation of the amount credited to owner or commercial occupancy; and

iv. The owner or agent's signature, and the date that the rebate notice is posted.

(c) The explanatory information required on the front or top section of the Notice shall be a plain language summary of the law and rules, to guide owners as to their legal responsibilities. Reliance on the summary shall not relieve an owner of any responsibility set forth in the law or rules.

N.J. Admin. Code § 5:33-3.4

Amended by R.2003 d.35, effective 1/21/2003.
See: 34 New Jersey Register 2379(a), 35 New Jersey Register 398(a).
In (b)1iii, inserted "any local miscellaneous revenue credit" following "credit amount" and inserted "total" preceding "amount to be relocated".