City Council hired an appraisal firm to help with the tax assessment of new developments on the East Scott Avenue campus of Merck & Co., the city’s largest taxpayer.
Continue reading Council hires appraiser for Merck assessment
City Council hired an appraisal firm to help with the tax assessment of new developments on the East Scott Avenue campus of Merck & Co., the city’s largest taxpayer.
Continue reading Council hires appraiser for Merck assessment
The 2023 municipal budget anticipates almost $3 million in revenue from Payments In Lieu Of Taxes (PILOT), an increase of almost a half-million dollars.
Municipal taxes will rise by an average of $149 in Rahway after two years without much of an increase.
Owners of a shopping center that straddles Rahway and Woodbridge will get a refund of almost $150,000 after a tax appeal settlement on the property, the second in the past decade.
The net taxable value of the city grew for the fourth consecutive year, led by an increase in commercial assessments of almost 3 percent.
City Council extended a 50-year tax break another five years for a downtown high-rise with plans to possibly extend it longer in the future.
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.
City Council is scheduled to approve a Payment In Lieu of Taxes (PILOT) agreement that would generate more than $26 million over 30 years for a proposed 292-unit mixed use complex across the river from downtown.
Continue reading City Council to vote new on PILOT agreement