Homestead Improvement Exemption (HIE)
This exemption defers for four years any increase in the assessment of your property due to an addition or other improvement to your home for which the Township Assessor would add value.
Own the property, and occupy as your permanent residence prior to obtaining a permit.
The Township Assessor’s Office initiates this exemption.
Exemption Amount – A maximum deduction $25,000 of Equalized Assessed Value / $75,000 Market
Any increase in the assessment value resulting from said improvement is deferred for four years