New Jersey § 54:4-3

§ 54:4-3.

The following property shall be exempt from taxation under this chapter: all buildings

actually used for colleges, schools, academies or seminaries, provided that if any

portion of such buildings are leased to profit-making organizations or otherwise used

for purposes which are not themselves exempt from taxation, said portion shall be

subject to taxation and the remaining portion only shall be exempt; all buildings

actually used for historical societies, associations or exhibitions, when owned by

the State, county or any political subdivision thereof or when located on land owned

by an educational institution which derives its primary support from State revenue;

all buildings actually and exclusively used for public libraries, asylum or schools

for adults and children with intellectual disabilities; all buildings used exclusively

by any association or corporation formed for the purpose and actually engaged in the

work of preventing cruelty to animals; all buildings actually and exclusively used

and owned by volunteer first-aid squads, which squads are or shall be incorporated

as associations not for pecuniary profit; all buildings actually used in the work

of associations and corporations organized exclusively for the moral and mental improvement

of men, women and children, provided that if any portion of a building used for that

purpose is leased to profit-making organizations or is otherwise used for purposes

which are not themselves exempt from taxation, that portion shall be subject to taxation

and the remaining portion only shall be exempt; all buildings actually used in the

work of associations and corporations organized exclusively for religious purposes,

including religious worship, or charitable purposes, provided that if any portion

of a building used for that purpose is leased to a profit-making organization or is

otherwise used for purposes which are not themselves exempt from taxation, that portion

shall be subject to taxation and the remaining portion shall be exempt from taxation,

and provided further that if any portion of a building is used for a different exempt

use by an exempt entity, that portion shall also be exempt from taxation; all buildings , other than those exempt from taxation pursuant to section 3 of P.L.2021, c. 17 ( C.54:4-3.6j ), actually used in the work of associations and corporations organized exclusively

for hospital purposes, provided that if any portion of a building used for hospital

purposes is leased to profit-making organizations or otherwise used for purposes which

are not themselves exempt from taxation, that portion shall be subject to taxation

and the remaining portion only shall be exempt; all buildings owned or held by an

association or corporation created for the purpose of holding the title to such buildings

as are actually and exclusively used in the work of two or more associations or corporations

organized exclusively for the moral and mental improvement of men, women and children;

all buildings owned by a corporation created under or otherwise subject to the provisions

of Title 15 of the Revised Statutes or Title 15A of the New Jersey Statutes and actually

and exclusively used in the work of one or more associations or corporations organized

exclusively for charitable or religious purposes, which associations or corporations

may or may not pay rent for the use of the premises or the portions of the premises

used by them; the buildings, not exceeding two, actually occupied as a parsonage

by the officiating clergymen of any religious corporation of this State, together

with the accessory buildings located on the same premises; the land whereon any of

the buildings hereinbefore mentioned are erected, and which may be necessary for the

fair enjoyment thereof, and which is devoted to the purposes above mentioned and to

no other purpose and does not exceed five acres in extent; the furniture and personal

property in said buildings if used in and devoted to the purposes above mentioned;

all property owned and used by any nonprofit corporation in connection with its curriculum,

work, care, treatment and study of men, women, or children with intellectual disabilities

shall also be exempt from taxation, provided that such corporation conducts and maintains

research or professional training facilities for the care and training of men, women,

or children with intellectual disabilities; provided, in case of all the foregoing,

the buildings, or the lands on which they stand, or the associations, corporations

or institutions using and occupying them as aforesaid, are not conducted for profit,

except that the exemption of the buildings and lands used for charitable, benevolent

or religious purposes shall extend to cases where the charitable, benevolent or religious

work therein carried on is supported partly by fees and charges received from or on

behalf of beneficiaries using or occupying the buildings; provided the building is

wholly controlled by and the entire income therefrom is used for said charitable,

benevolent or religious purposes; and any tract of land purchased pursuant to subsection

(n) of section 21 of P.L.1971, c. 199 ( C.40A:12-21 ), and located within a municipality, actually used for the cultivation and sale of

fresh fruits and vegetables and owned by a duly incorporated nonprofit organization

or association which includes among its principal purposes the cultivation and sale

of fresh fruits and vegetables, other than a political, partisan, sectarian, denominational

or religious organization or association. The foregoing exemption shall apply only where the association, corporation or institution

claiming the exemption owns the property in question and is incorporated or organized

under the laws of this State and authorized to carry out the purposes on account of

which the exemption is claimed or where an educational institution, as provided herein,

has leased said property to a historical society or association or to a corporation

organized for such purposes and created under or otherwise subject to the provisions

of Title 15 of the Revised Statutes or Title 15A of the New Jersey Statutes. As used in this section “ hospital purposes ” includes health care facilities for the elderly, such as nursing homes; residential

health care facilities; assisted living residences; facilities with a Class C license

pursuant to P.L.1979, c. 496 ( C.55:13B-1 et al.), the “Rooming and Boarding House Act of 1979”; similar facilities that provide

medical, nursing or personal care services to their residents; and that portion of

the central administrative or service facility of a continuing care retirement community

that is reasonably allocable as a health care facility for the elderly.