Another month, another multi-year tax appeal is settled. A shopping center that straddles the border of Rahway and Woodbridge will get a refund of more than $188,000 on its tax bill over the last five years after the City Council approved a judgment by the state Tax Court.
The refund covers the tax years of 2009 through 2014 and represents a reduction of 15.75 percent off the aggregate tax bill of nearly $1.2-million for those five years. In some years, the reduction is as much as 26 percent. The most recent year’s tax bill comes to $261,805, according to property records, but was reduced by as much as 18 to 26 percent between 2009 and 2012 as a result of the judgment (A breakdown is provided in this Excel file).
About two-thirds of the roughly 79,000-square-foot Delco Plaza shopping center is located within Rahway, almost 4 acres of the nearly 7 acres in all, with the remainder in Woodbridge. The property includes a 50,000-square-foot Pathmark, in addition to about a dozen smaller retail spaces.
The 3.7-acre Rahway portion of the parcel had been assessed at $4,329,500 and was reduced to $4,025,300 for this year — a drop of $304,200, or 7 percent. In other years, such as 2009, the assessment was as low as $3.193 million, or 26 percent less than the original. The largest portion of the refund, $55,659, was for the 2009 tax year.
Under Woodbridge Plaza, LLC/Woodbridge Plaza, LLC filed actions with the state Tax Court, challenging assessments for the years 2009 to 2013. Block 276, Lot 7 is located at 77-101 St. Georges Ave.
The City Council approved AR-34-14 at its Feb. 10 meeting, approving the judgment of the state Tax Court, outlined in the accompanying documents. The governing body in recent months has approved a number of multi-year tax judgments, and also approved more than 120 tax appeals for the 2012 year that totaled more than $182,000.
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