Form I.S. "Initial Statement of Organization Claiming Property Tax Exemption" - New Jersey

What Is Form I.S.?

This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on December 1, 2001;
  • The latest edition provided by the New Jersey Department of the Treasury;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form I.S. by clicking the link below or browse more documents and templates provided by the New Jersey Department of the Treasury.

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Download Form I.S. "Initial Statement of Organization Claiming Property Tax Exemption" - New Jersey

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INITIAL STATEMENT OF ORGANIZATION CLAIMING PROPERTY TAX EXEMPTION
(N.J.S.A.54:4-4.4; & 54:4-3.5; 54:4-3.6; 54:4-3.6a; 54:4-3.9; 54:4-3.10; 54:4-3.13; 54:4-3.15; 54:4-3.24; 54:4-3.25;
54:4-3.26; 54:4-3.27; 54:4-3.35; 54:4-3.52; 54:4-3.64; & N.J.S.A.8A:5-10 et al)
IMPORTANT File this claim in duplicate with municipal assessor of taxing district where property is located by
November 1 of the pretax year. Separate claims must be filed for each parcel. Every third year as of November 1 a
Further Statement updating the organization’s status must be filed with the assessor. See instructions.
1. CLAIMANT ORGANIZATION NAME
__________________________________________________________________________________________________
2. ORGANIZATION ADDRESS (Corporate Headquarters)
__________________________________________________________________________________________________
3. CONTACT INDIVIDUAL, REPRESENTATIVE, OFFICER for ORGANIZATION
__________________________________________________________________________________________________
Name
Phone #
E-Mail Address
Fax #
__________________________________________________________________________________________________
Postal Mailing Address
__________________________________________________________________________________________________
4. INCORPORATION
A. Domestic-Incorporated or organized in New Jersey on (month/day/year) _________under statute cite #_____________
B. Foreign-Incorporated or organized in the state of ______________ on (month/day/year) ________________________
Registered with New Jersey Secretary of State on (month/day/year) ___________________________________________
5. ORGANIZATION’S PURPOSES (Explain organization’s purposes. Attach Certificate of Incorporation, Articles of
Association, Charter/Mission Statement, and Constitution & By-laws.)
__________________________________________________________________________________________________
__________________________________________________________________________________________________
6. NEW JERSEY STATUTE UNDER WHICH PROPERTY TAX EXEMPTION IS CLAIMED
State New Jersey statute cite # and brief description (see list in instructions)
__________________________________________________________________________________________________
7. PROPERTY LOCATION IN NEW JERSEY
__________________________________________________________________________________________________
Street Address
City
Zip Code
__________________________________________________________________________________________________
County
Municipality
Block #
Lot #
Qualifier
8. PROPERTY OWNERSHIP
Grantor (Seller) _______________________________ Grantee (Buyer) _______________________________________
Deed Date (Month/Day/Year) ____________________ Deed Book _________________
Page _______________
County of recording ____________________________ Recording Date _______________________________________
!
!
Owner of legal title
Yes
No
If no, describe ownership arrangement. Attach ownership document.
__________________________________________________________________________________________________
9. PROPERTY’S PHYSICAL DESCRIPTION
!
!
Total Land Area (Sq. Ft./Acreage) _____ Land is
Vacant or
Improved with buildings and/or structures? (Check one)
If improved, state number of buildings and/or structures ____________________________________________________
State each building size in square feet ___________________________________________________________________
Fully describe each building/structure type _______________________________________________________________
State $ amount for which improvements are insured __________________
10. PROPERTY’S ACTUAL USE or ACTUAL/EXCLUSIVE USE
If vacant land, state uses and area size for each use. If not used, state none. _____________________________________
If improved with buildings and/or structures, state uses of each. ______________________________________________
__________________________________________________________________________________________________
Are land and/or buildings used for stated purposes of claimant organization per section 5 above?
!
!
!
!
No
Yes If yes,
Entirely or
Partially? Explain if used for other than claimant organization’s purposes or if used
or occupied by other than the claimant organization ____________________________________________________
__________________________________________________________________________________________________
!
!
Are land and/or buildings leased or rented by other than claimant organization?
No
Yes
!
!
If yes,
Entirely or
Partially? Percentage of property leased ____%
Attach copy lease/rental agreement.
Explain rental uses. _________________________________________________________________________________
State tenant names and rental income received.
__________________________________________________________________________________________________
!
!
Is commercial business conducted on premises?
No
Yes If yes, explain __________________________________
11. COMPENSATION, REMUNERATION RECEIVED
List names of individuals, officers, entities receiving compensation, salaries, allowance, monetary profits from claimant
organization and dollar amounts received. If none, state none. Supporting financial data may be required by assessor.
__________________________________________________________________________________________________
__________________________________________________________________________________________________
__________________________________________________________________________________________________
12. SIGNATURE, DATE & TITLE OF OFFICER CLAIMING EXEMPTION FOR ORGANIZATION
I certify the above declarations are true to the best of my knowledge and belief and understand they will be considered as
if made under oath and subject to penalties for perjury if falsified.
Signature________________________________ Official Title or Position ______________________Date__________
__________________________________________________________________________________________________
!
!
Official Use
Denied
Approved
Exempt Property Code_____________________________
Assessor______________________________________________________________________Date_________________
Form I.S. Rev. December 2001. This form is prescribed by the Director, Division of Taxation, as required by law, and
may not be altered without the approval of the Director.
INITIAL STATEMENT OF ORGANIZATION CLAIMING PROPERTY TAX EXEMPTION
(N.J.S.A.54:4-4.4; & 54:4-3.5; 54:4-3.6; 54:4-3.6a; 54:4-3.9; 54:4-3.10; 54:4-3.13; 54:4-3.15; 54:4-3.24; 54:4-3.25;
54:4-3.26; 54:4-3.27; 54:4-3.35; 54:4-3.52; 54:4-3.64; & N.J.S.A.8A:5-10 et al)
IMPORTANT File this claim in duplicate with municipal assessor of taxing district where property is located by
November 1 of the pretax year. Separate claims must be filed for each parcel. Every third year as of November 1 a
Further Statement updating the organization’s status must be filed with the assessor. See instructions.
1. CLAIMANT ORGANIZATION NAME
__________________________________________________________________________________________________
2. ORGANIZATION ADDRESS (Corporate Headquarters)
__________________________________________________________________________________________________
3. CONTACT INDIVIDUAL, REPRESENTATIVE, OFFICER for ORGANIZATION
__________________________________________________________________________________________________
Name
Phone #
E-Mail Address
Fax #
__________________________________________________________________________________________________
Postal Mailing Address
__________________________________________________________________________________________________
4. INCORPORATION
A. Domestic-Incorporated or organized in New Jersey on (month/day/year) _________under statute cite #_____________
B. Foreign-Incorporated or organized in the state of ______________ on (month/day/year) ________________________
Registered with New Jersey Secretary of State on (month/day/year) ___________________________________________
5. ORGANIZATION’S PURPOSES (Explain organization’s purposes. Attach Certificate of Incorporation, Articles of
Association, Charter/Mission Statement, and Constitution & By-laws.)
__________________________________________________________________________________________________
__________________________________________________________________________________________________
6. NEW JERSEY STATUTE UNDER WHICH PROPERTY TAX EXEMPTION IS CLAIMED
State New Jersey statute cite # and brief description (see list in instructions)
__________________________________________________________________________________________________
7. PROPERTY LOCATION IN NEW JERSEY
__________________________________________________________________________________________________
Street Address
City
Zip Code
__________________________________________________________________________________________________
County
Municipality
Block #
Lot #
Qualifier
8. PROPERTY OWNERSHIP
Grantor (Seller) _______________________________ Grantee (Buyer) _______________________________________
Deed Date (Month/Day/Year) ____________________ Deed Book _________________
Page _______________
County of recording ____________________________ Recording Date _______________________________________
!
!
Owner of legal title
Yes
No
If no, describe ownership arrangement. Attach ownership document.
__________________________________________________________________________________________________
9. PROPERTY’S PHYSICAL DESCRIPTION
!
!
Total Land Area (Sq. Ft./Acreage) _____ Land is
Vacant or
Improved with buildings and/or structures? (Check one)
If improved, state number of buildings and/or structures ____________________________________________________
State each building size in square feet ___________________________________________________________________
Fully describe each building/structure type _______________________________________________________________
State $ amount for which improvements are insured __________________
10. PROPERTY’S ACTUAL USE or ACTUAL/EXCLUSIVE USE
If vacant land, state uses and area size for each use. If not used, state none. _____________________________________
If improved with buildings and/or structures, state uses of each. ______________________________________________
__________________________________________________________________________________________________
Are land and/or buildings used for stated purposes of claimant organization per section 5 above?
!
!
!
!
No
Yes If yes,
Entirely or
Partially? Explain if used for other than claimant organization’s purposes or if used
or occupied by other than the claimant organization ____________________________________________________
__________________________________________________________________________________________________
!
!
Are land and/or buildings leased or rented by other than claimant organization?
No
Yes
!
!
If yes,
Entirely or
Partially? Percentage of property leased ____%
Attach copy lease/rental agreement.
Explain rental uses. _________________________________________________________________________________
State tenant names and rental income received.
__________________________________________________________________________________________________
!
!
Is commercial business conducted on premises?
No
Yes If yes, explain __________________________________
11. COMPENSATION, REMUNERATION RECEIVED
List names of individuals, officers, entities receiving compensation, salaries, allowance, monetary profits from claimant
organization and dollar amounts received. If none, state none. Supporting financial data may be required by assessor.
__________________________________________________________________________________________________
__________________________________________________________________________________________________
__________________________________________________________________________________________________
12. SIGNATURE, DATE & TITLE OF OFFICER CLAIMING EXEMPTION FOR ORGANIZATION
I certify the above declarations are true to the best of my knowledge and belief and understand they will be considered as
if made under oath and subject to penalties for perjury if falsified.
Signature________________________________ Official Title or Position ______________________Date__________
__________________________________________________________________________________________________
!
!
Official Use
Denied
Approved
Exempt Property Code_____________________________
Assessor______________________________________________________________________Date_________________
Form I.S. Rev. December 2001. This form is prescribed by the Director, Division of Taxation, as required by law, and
may not be altered without the approval of the Director.
INFORMATION/INSTRUCTIONS
GENERAL ELIGIBILITY: Real property tax exemption is determined by:
1. the organization’s purpose
2. the property’s use as of October 1 of the pretax year
3. the absence, presence, degree and use of profits
4. the property’s ownership as of October 1 of the pretax year
5. incorporation of the organization or its authorization to operate in New Jersey
6. land area or existing buildings
7. timely application as of November 1 of the pretax year
Because eligibility criteria varies from statute to statute, specific questions regarding your organization’s exemption
requirements should be directed to the municipal assessor in the taxing district where the property is located.
LAND & BUILDINGS: Land and building criteria vary depending on statute under which exemption is claimed. Although
there are some exceptions; such as cemetery and conservation land, vacant land IS NOT generally exempt even when owned by
an otherwise exempt organization. In most cases, in the absence of buildings used for one of the exempt purposes specified by
statute, independent vacant land is not exempt. Also most statutes impose acreage limits on exemptable land area. A common
limit is five acres per exempt building. Please review applicable statute.
OWNERSHIP: Property must be owned by the organization claiming exemption as of October 1 of the pretax year. For
example, possession of legal title as of October 1, 2000 would fulfill the ownership prerequisite for exemption for tax year
2001. In most cases, full legal title must be acquired; equitable title is insufficient. However, certain statutes by specific
provision allow for equitable or beneficial ownership interest. Please review the statute under which you are requesting
exemption with respect to eligible ownership.
EXEMPT USE TEST-REASONABLE NECESSITY: Use must be a qualifying exempt use. Property’s use must be an
integral part of the exempt organization’s operations, not just a convenience, and reasonably necessary for the proper and
efficient fulfillment of the organization’s exempt purpose.
ACTUAL USE: Property must be actually used for a permitted or qualifying use pursuant to the statute under which exemption
is sought. Future use; for-profit use; and private use are ineligible. Occasional, incidental nonexempt use does not in itself
invalidate exemption.
PARTIAL (PRORATED) USE v. EXCLUSIVE USE: Whether a property must be used solely or exclusively for its exempt
purpose or if a proration is permitted depends upon the statutory language specific to that organization. For instance, schools,
hospitals, religious and charitable organizations allow prorated exempt/taxable use while volunteer first-aid squads and
associations to prevent cruelty to animals must meet the exclusive or singular use criteria. Please review applicable statute.
NONPROFIT STATUS: Federal 501(c)(3) status is not controlling with respect to New Jersey property tax exemptions. A
monetary surplus, rather than a loss, does not necessarily indicate a for-profit, commercial operation. Provided moneys go back
into operation of exempt organization, exemption is permissible. However, a for-profit motive, as evidenced by the facts,
invalidates exemption, i.e., is the organization’s structure, financial agreements, tuitions, fees set etc. with the intent to make a
profit.
DOCUMENTARY PROOFS: N.J.S.A.54:4-4.4 provides, Each assessor may at any time inquire into a claimant’s right to
continue an exemption and for that purpose he may require the submission of such documentation as he considers necessary to
determine the claimant’s continuing right to exemption. Claimants may be asked to provide: proof of income via audited
financial statements, tax return copies; proof of ownership via deed; proof of use via lease/rental agreements, itinerary/calendar
of events & organization’s promotional literature; proof of organization’s purpose via certificate of incorporation, articles of
association, charter or mission statement, and constitution and by-laws.
Burden of proof is on exemption claimant; it is not the responsibility of the assessor to seek out claimant or to bring
claimant into exemption compliance.
STATUTES: Veterans organizations
N.J.S.A54:4-3.5 & 54:4-3.25 & 54:4-3.15
Educational, religious, charitable organizations
N.J.S.A.54:4-3.6
Firefighter organizations
N.J.S.A.54:4-3.10 & 54:4-3.13
Burial grounds & cemeteries
N.J.S.A.54:4-3.9 & N.J.S.A.8A:5-10
Youth organizations
N.J.S.A.54:4-3.24
Fraternal organizations
N.J.S.A.54:4-3.26
Disaster relief organizations
N.J.S.A.54:4-3.27
District Supervisor Religious Organization
N.J.S.A.54:4-3.35
Historic Sites
N.J.S.A.54:4-3.52
Conservation/Recreation Land
N.J.S.A.54:4-3.64
FURTHER STATEMENT REQUIRED: Every third year as of November 1 after approval of the initial statement, a further
statement is to be filed with the municipal assessor.
DENIALS/APPEALS: Any unfavorable determination by the assessor may be appealed to the County Board of Taxation
annually on or before April 1.
FOR ASSESSOR USE ONLY
!
!
Deed/Ownership Documents
Lease/Rental Agreements
!
!
Insurance Policy on Property
Certificate of Incorporation
!
!
Articles of Association
Constitution and By-laws
!
!
Audited Financial Statements
Tax Returns
!
!
Charter and/or Mission Statement
Organization’s Promotional Literature
!
!
Itinerary/Calendar of Events
Addendum containing any other pertinent information
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