Legacy Acres 55+

(1) The homes in Legacy Acres are eligible for a tax exemption pursuant to the Five-Year Exemption and Abatement Law, N.J.S.A. 40A:21-1 et seq. (“Exemption Law”), wherein the Township of Winslow provides a tax exemption from the payment of full real estate taxes for a limited time associated with the value of the improvements for the homes in the community. The amount of the exemption from taxes for these improvements is phased out over a five-year period. There is no exemption from taxes attributable to the value of the land associated with the homes. After the five-year period, full real estate taxes will be assessed on the improvements and real property as required by New Jersey law. The exact terms of any such tax exemption are set forth in an agreement with the Township of Winslow (“Tax Abatement Agreement”). A copy of the Tax Abatement Agreement can be obtained for review from the sales office. Individuals are advised to consult with his or her own legal and financial advisors concerning the provisions of the agreement and the Exemption Law, and to determine the specific benefits to which a purchaser may be entitled under the law. (2) The pickleball courts and firepit have not been completed and are anticipated to be completed by Fall 2021. (3) Photography of models intended to be available in the community. The options/model in these photos are substantially similar to the options/model types intended to be available in the advertised community, once constructed. (4) This community is located in Winslow Township and has a Berlin mailing address. (5) The purpose of this advertisement is to solicit non-binding reservation reservations. A non-binding reservation is not a contract and may be cancelled by a prospective purchaser at any time, without cause. Any deposit money paid to the developer shall be refunded to the prospective purchaser upon request and cancellation of the non-binding reservation.