Four commercial tax appeals approved

City Council approved tax appeals for four commercial properties totaling almost $64,000 across a number of tax years.

The governing body unanimously approved a resolution (AR-190-15) at its Sept. 14 meeting authorizing the tax collector to credit overpayment of taxes due to successful judgments in the Tax Court of New Jersey.

1308 Pierce StThe largest of the properties accounted for more than half of the $63,757.75 in refunds. The commercial property at 1308 Pierce St. (Block 312, Lot 5) won an appeal for $29,858.47, roughly 16 percent of its overall tax bill of $183,011 over five tax years (2010-14), according to property records:

  • 2010 — $6,703.83
  • 2011 — $6,367.44
  • 2012 — $5,517.70
  • 2013 — $5,462.56
  • 2014 — $5,806.94

1153 St Georges AvThe commercial property at 1155 St. Georges Ave., (Block 143, Lot 9) won a tax appeal reduction of some 16 percent for its 2010 and 2011 bills, totaling $4,285.66:

  • 2010 — $2,348.62
  • 2011 — $1,937.04

It’s currently assessed at $237,500, according to property records, with a tax bill of about $14,734.50.

Two properties under the same ownership won identical appeals of $14,801.82 for 2009 and 2010, roughly 24 percent and 32 percent of the tax bills, respectively.

39 W Scott AveThe property at 39 W. Scott Ave. (Block 229, Lot 7) is assessed at $392,300 and paid $28,544 in property taxes this year. The appeals account for about a third of the tax bill:

  • 2009 —  $7,627.74
  • 2010 — $7,174.07

Another property at 2094 Broad St. (Block 229, Lot 8) won an appeal for the same amount, accounting for about a quarter of the tax bill:

  • 2009 —  $7,627.74
  • 2010 — $7,174.07

The Broad Street parcel most recently was assessed at $591,800 in 2015, with a tax bill of $38,558.

I composed these four appeals into a spreadsheet where you can check my math here.