A downtown high-rise building would have its 50-year tax abatement agreement extended another five years under a resolution to come before City Council tonight.
Tag Archives: taxes
A closer look at PILOT revenue in 2022 budget
The municipal budget anticipates more than $2.5 million in revenue from Payments In Lieu Of Taxes (PILOT), thanks in part to two new developments coming online and a new state law requiring a contribution from local hospitals.
Continue reading A closer look at PILOT revenue in 2022 budget
Abstract of Ratables, 2021
The city’s total assessed value inched up again last year for the second year in a row, led by a nearly 3% increase in assessed value of Class 4C Apartment.
Three properties win tax appeals
Three properties won tax appeals across multiple tax years, one dating as far back as 2014.
Public hearing tonight on 2021 city budget
City Council is scheduled to hold a public hearing and final vote on a proposed $58.6-million municipal budget, which aims to raise $38.1 million through property taxes.
Council approves shift in SID management
City Council unanimously approved an ordinance that will shift the downtown management corporation overseeing the Special Improvement District (SID) from the Rahway Arts and Business Partnership (RABP) to the governing body.
City Council introduces 2021 budget
City Council introduced a municipal budget on Monday night that includes no increase in the municipal portion of tax bills this year.
Council approves SID budget for 2021
City Council approved a Special Improvement District (SID) budget of $325,000 for 2021 that ultimately aims to ramp up programming and capital improvements.