Hamilton Gardens complex wins tax appeal

A small Hamilton Street apartment complex won tax appeals amounting to about a 6-perecent reduction on its property tax bills for 2014 and 2015.


City Council approved a resolution (AR-175-16) at its meeting Monday night, refunding the owner of Hamilton Gardens about $3,055.13 for tax years 2014 and 2015, specifically $1,514.78 for 2014 and $1,541.35 for 2015.

The reductions come to about 6 percent for each tax year, based on the most recent property tax bill for the property. Assessed for $374,400, the site had a property tax bill of about $24,808 for the most recent year, according to property records.

The two-story complex was built in 1950 and is locatedĀ  on Hamilton Street near Church Street (Block 167, Lot 29).

The 10-unit building was acquired for $610,000 but an anonymous LLC (492 Hamilton, LLC) with an Elizabeth address. Of the 10 units, six are one-bedroom units and four two-bedroom units.

The governing body this year has approved at least three tax appeal judgments for industrial properties — on New Brunswick Avenue, Elston Street, and Essex Street. This is the first tax court judgement approved this year for an multi-family property. City Council in December authorized a refund for a small Oliver Street apartment building that won a tax appeal.

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