Two industrial properties won tax appeals dating back as far as five years, with reductions ranging from 7 to 23 percent.
An Elston Street property (Block 300, Lot 10) will get a total refund of $5,455.33 over two tax years, including $2,870.81 for 2009 (roughly 23 percent off its tax bill) and $2,584.51 for 2010 (about 19 percent). The half-acre site is assessed at $252,800, generating a property tax bill of about $15,969 this year.
A Witherspoon Street (Block 350, Lot 2) property won a tax appeal amounting to about a 10 percent reduction off its tax bills for 2014 and 2015. For 2014, it will see a credit of $3,437 (almost 14 percent off its tax bill) and for 2015, a credit of $1,774 (about 7 percent), for a total $5,211.36 credit over two years.
The site at 1441 Witherspoon St. is assessed at $405,000, generating a tax bill of about $25,583 this year.