City Council approved a tax appeal settlement with a New Brunswick Avenue industrial property, adding another two years to an appeal covering nearly the last decade and totaling more than a quarter-million dollars.
The condition and maintenance of local railroad underpasses was brought to the attention of City Council last week.
The 119 properties being studied for potential redevelopment have a total assessed value of $30.733 million, generating property taxes last year of about $1.898 million. Collectively, the properties comprise about 57 acres.
Monday’s vote to authorize the study of six potential redevelopment areas drew the biggest crowd to a City Council meeting in recent memory as well as the biggest split among the governing body and administration in several years.
City Council approved a preliminary, non-condemnation redevelopment study of six areas of town after residents packed the Council Chambers Monday night with most speakers voicing opposition to the study.
Rahway Industrial Sites will receive a refund of more than $200,000 as part of a settlement in state Tax Court.
A New Brunswick Avenue property will receive a refund of more than 12 percent across five tax years – as far back as 2009 – while withdrawing tax appeals on three adjacent properties.
There are more than 300 residential properties on the city’s foreclosure registry, as of Sept. 1, including almost 100 vacant properties.