5 Year Tax Abatement-Exemption Program- Commercial & Industrial
The purpose of the Five Year Exemption and Abatement Law is to encourage new commercial and industrial development, thereby, increasing the commercial ratable base, whereby, alleviating some of the tax burden from the residential property owners. Additionally, new commercial and industrial development will create job opportunities within the municipality.
The Governing Body of the Township of Winslow determined that it was in the best interest of the municipality to enter into agreements with applicants for tax abatement on commercial and industrial construction projects thus providing for an abatement from real property taxation on projects for a period of up to five years, and further providing for payments in lieu of taxes to be made to the municipality.
Property Owners/Developers must meet specific requirements outlined within the Code of the Township of Winslow Chapter 66, and file an application with the township's assessor and governing body prior to receiving a construction permit. Tax Abatement Agreements are entered into on a project basis.
The Governing Body of the Township of Winslow adopted this Ordinance implementing the Tax Abatement-Exemption Program on October 28, 1997, in an effort to attract quality industrial and commercial ratables into the community.
Since the adoption of this program, the municipality has entered into over fifty Tax Abatement Agreements.
Abatement Application Packets are available in the Assessor's Office. The packet contains a copy of the township ordinance, procedures, and necessary forms for filing. There is an application fee of $300.00 along with an additional $1,000 non-refundable escrow fee due at the time of filing.
5 Year Tax Abatement-Exemption Program- Residential Home Improvement
The Governing Body of the Township of Winslow determined that it was in the best interest of residents of the Township to allow and/or provide for tax abatements for certain residential home improvement projects. On November 22, 2016 the Governing Body amended Chapter 66 entitled "Tax Abatement" to include Article III - Home Improvement Tax Abatements.
When applying for a permit for a home improvement the application will be enclosed with the permit jacket from the Construction Department. Applications are also available on the Township Website under Forms & Documents - Construction Office or Assessor's Office.
Residential single family or multi-dwelling properties more than fifteen (15) years of age or older may apply. Property owners will have 30 days from the date of completion of the project to file the application with the Assessor's Office. Up to $25,000 of the Tax Assessor's full and true value of the improvement will be abated (exempt) from property taxes for 5 years.
There is no application fee required for this program.
Full prerequisites and qualifications can be found in the Code of the Township Chapter 66. Questions regarding this program should be directed to the Assessor's Office.
Tax Assessor Links
Frequently Asked Questions
Property Tax Deductions
Property Tax Rebates
Farmland Assessment Act
Tax Abatement Program (5years)