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.

• A maximum of $25,000 of assessed value or $75,000 "Market Value" may be deferred under this program.
• The property has to be the taxpayer's principal residence.
• Two different improvements on the same property can run concurrently as long as $45,000 is not exceeded.