City Council will consider a measure next week that would expand the Special Improvement District (SID) beyond the borders of he downtown district to include all commercial properties within the city.
Category Archives: taxes
Tax appeals continue downward trend
Successful tax appeals continue to decline since a record number of settlements in 2012 but this year still saw almost 70 successful appeals totaling more than $90,000 in tax credits.
Medical office settles multi-year tax appeal
A St. Georges Avenue medical office will see its property tax bill reduced by a third after settling a multi-year tax appeal with the city.
Continue reading Medical office settles multi-year tax appeal
Four apartment buildings win multi-year tax appeals
Continuing a trend in recent years, four apartment complexes won tax appeals totaling more than $54,000 across a number of tax years, ranging in reductions from 7 to almost 20 percent.
Continue reading Four apartment buildings win multi-year tax appeals
Council to consider PILOT for Meridia Brownstones
The developer of a proposed four-building complex on the former Wheatena property on Elizabeth Avenue is seeking a Payment In Lieu Of Taxes (PILOT) to the city that would average about $1 million annually for 30 years.
Continue reading Council to consider PILOT for Meridia Brownstones
Industrial, commercial parcels win tax judgment
Two properties — one commercial and another industrial — were awarded tax appeal judgments, receiving credits of about a third off their tax bills over multiple years. The City Council approved AR-136 at its June 11 regular meeting. Continue reading Industrial, commercial parcels win tax judgment
City Council approves two more tax judgments
City Council approved tax refunds for two more commercial properties that won tax judgments for 2012 and 2013. The governing body approved AR-112-14 at its regular meeting May 12.
Continue reading City Council approves two more tax judgments
Public hearing on budget slated for Monday
The City Council will hold a public hearing on the 2014 municipal budget during its meeting on Monday before giving final approval on the $51.8-million spending plan. The governing body is also scheduled to approve the Rahway Arts District‘s annual $130,000 budget, derived from the Special Improvement District (SID) tax.
The 2014 budget, introduced by City Council at its March 10 meeting, projects an increase of $43 in municipal property taxes on the average property, assessed at $133,000.