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
Tag Archives: tax appeals
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.
Dornoch property wins tax appeal for 2012
A Main Street property that was among more than a half-dozen properties acquired years ago by developer Dornoch Holdings won a tax appeal, knocking about 17 percent off the tax bill for 2012 and a 6-percent reduction in the assessment.
The property at 1501 Main St. (Block 320, Lot 12) had an overall property tax bill of almost $14,700 last year. The assessment for 2013 was $229,700 and reduced by about 6.3 percent to $215,100, according to property records.
The City Council authorized a credit of $2,505.79 due to a judgment of the Continue reading Dornoch property wins tax appeal for 2012
Preliminary budget projects $43 tax hike
The City Council on Monday night introduced a $51.83-million budget for 2014 that would increase the municipal portion of the average property tax bill by about $43.
A public hearing and final approval is scheduled at the City Council’s April 14 regular meeting. In the meantime, the budget will be sent to the state for technical review, Chief Financial Officer Frank Ruggiero told council members Monday night. He described it as a very aggressive budget that increases taxes about 1 percent over last year, staying under a state-imposed 2 percent cap. UPDATE: A copy of the budget can be found here. Continue reading Preliminary budget projects $43 tax hike
Shopping center wins five-year tax appeal
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.
Elizabeth Avenue parcel wins tax judgment
A commercial warehouse property on Elizabeth Avenue will get a nearly 24-percent break on its 2013 property tax bill as a result of a state tax court judgment. Nearly 120 properties had successful appeals at the county level, resulting in some $182,000 in refunds for the 2013 tax year.
Office center settles for 25% tax appeal reduction
Due to “popular demand,” our “Tax appeal week” posts have been extended into another week. OK, the real reason is I couldn’t get it done last week.
Continue reading Office center settles for 25% tax appeal reduction
2013 tax appeals ding city for almost $182,000
About 120 properties won tax appeals at the Union County Board of Taxation this fall, collectively knocking almost $182,000 off their tax bills for the 2012 year.
Continue reading 2013 tax appeals ding city for almost $182,000