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.
Rahway’s total taxable value nudged up slightly last year, highlighted by a sharp increase in apartment assessments thanks to a new building on the tax rolls, and a dip among industrial property due to lower assessments on Merck properties.
A garden apartment complex adjacent to the Wheatena section of Rahway River Park won a tax appeal equal to about 13 percent of its tax bill for 2012.
Rahway Industrial Sites will receive a refund of more than $200,000 as part of a settlement in state Tax Court.
A small Hamilton Street apartment complex won tax appeals amounting to about a 6-perecent reduction on its property tax bills for 2014 and 2015.
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.
An Elston Street industrial property won another round of tax appeals, this time for the tax years 2014 and 2015, resulting in about a 22-percent refund on its property taxes.
An Essex Street industrial warehouse on the outskirts of downtown won a tax appeal totaling about a quarter of its tax bill for two years.