N.J. Stat. § 54:4-3.136: Amount of exemption from assessed valuation

The owner of real property equipped with a certified automatic fire suppression system may have exempted annually from the assessed valuation of the real property a sum equal to the remainder of the assessed valuation of the real property with the automatic fire suppression system included, minus the assessed valuation of the real property without the automatic fire suppression system.

L.1983, c. 309, s. 7.