Category Archives: taxes

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.

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PILOTS in the 2023 budget

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.

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Delco Plaza settles multi-year tax appeal

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.

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Council extends Rahway Plaza tax break

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.

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50-year tax break to be extended

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.

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City Council to vote new on PILOT agreement

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.

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