Which letter code corresponds to a commercial/industrial exemption?

The letter code that corresponds to a commercial/industrial exemption is G. This code is specifically designated for property classifications that qualify for certain exemptions related to commercial and industrial properties in New Jersey. Such exemptions are aimed at encouraging economic development and relieving the tax burden on businesses that meet specific criteria set by local municipalities.

In the context of property classifications in New Jersey, each letter code serves to identify a unique category. While the other letters represent different exemptions or classifications—some may pertain to other types of properties, such as residential or agricultural—G is unique to the commercial/industrial sector. This clarity in coding helps tax assessors and property owners understand the nature of the exemption and its implications for taxation.