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
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.
The municipal budget anticipates more than $2.5 million in revenue from Payments In Lieu Of Taxes (PILOT), thanks in part to two new developments coming online and a new state law requiring a contribution from local hospitals.
Continue reading A closer look at PILOT revenue in 2022 budget
The city’s total assessed value inched up again last year for the second year in a row, led by a nearly 3% increase in assessed value of Class 4C Apartment.