N.J. Stat. § 54:4-3.48
Current through L. 2023, c. 200.
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.
N.J.S. § 54:4-3.48