Tax Exemption Program In Store for Sherwood Forests' Twin Oaks

BRIDGETON, NJ - Under a new proposed pilot program being formulated by the City of Bridgeton, properties at Sherwood Forest Homes' Twin Oaks will qualify for a five-year tax exemption. During the first year, properties will be taxed on the land only, not the improvements. In the subsequent four years of the program, a tax based on the assessed value of the home will be levied in 20% increments annually. Land will continue to be assessed throughout the exemption. The program is expected to go into effect by March of this year. Details are available in the Twin Oaks sales center or by calling the Tax Assessor's Office at 856.455.3230 extension 208.

"This is an excellent program to help encourage new home development in the community of Bridgeton," says Sherwood Forest Homes' Sales Manager Larry J. De Palma of ERA De Palma Realty. "It's a nice incentive for home buyers as well, who can take advantage of considerable tax savings in the first five years of home ownership."

Twin Oaks consists of 57 generously sized homesites ranging from one-quarter to one-half acre in size. Seven distinctively designed three- and four-bedroom homes are showcased here, including both ranch and two-story designs. Vignetted builder's models of the Lauren and Tiffany plans will open in the early part of 2007.

"This is a new home community with appeal to a diverse group of homebuyers," DePalma says. " With affordable pre-construction pricing from the low $200,000s, Twin Oaks presents an absolutely unheard-of opportunity for today's young home buyers, growing families - even empty nesters."

To visit Twin Oaks From the North, Take 1-295 South to RT 42 South. Merge onto RT 55 South at exit 13 (Deptford/Glassboro/Vineland).Continue on RT 55 South to exit 32B (Rosenhayen RT 56 West).Merge onto Rt 56 West. Continue on Rt 56 for Approx 10 miles to making a left onto Burlington Rd (CR 638).Follow to Dead end and make a right onto Rosenhayen Rd. Make first left back onto Burlington Rd .Continue to sales center on right.

From Philadelphia, take the Walt Whitman Bridge to Rt. 42 South to Rt. 55 South. Follow directions above.

From the Atlantic City/Mays Landing area, take Rt. 40 West to CR 552 West (Bears Head Rd/Millville Rd.) Follow 552 West for apx. 12 miles. Continue straight onto Spur 552. Follow Spur 552 into Millville, pass under Rt. 55. Turn left on 10th St. then right onto Rt. 49 (Main St.) Follow Rt. 49 West into Bridgeton. Turn right onto Burlington Rd. Sales Center is on the left.

For Google map directions or GPS, use 94 N. Burlington Road, Bridgeton, NJ 08302 as address.

The sales center and model home are open Monday to Wednesday and Saturday from 10am to 5pm except Sunday open 12pm to 5pm. Closed Thursday and Friday. For more information call 856/825-2211.