The average home in Rahway, assessed at $133,000, is expected to see an increase of about $195 in the municipal portion of tax bills, under a city budget adopted last month.
Continue reading Average $195 tax hike estimated in city budget
Category Archives: taxes
Abstract of Ratables, 2023
The total assessed value of the city rose for the fifth consecutive year, up less than 1 percent, from $1.45 billion to $1.462 billion.
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
PILOTS in the 2023 budget
The 2023 municipal budget anticipates almost $3 million in revenue from Payments In Lieu Of Taxes (PILOT), an increase of almost a half-million dollars.
Budget includes average tax hike of $149
Municipal taxes will rise by an average of $149 in Rahway after two years without much of an increase.
Delco Plaza settles multi-year tax appeal
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.
Abstract of Ratables, 2022
The net taxable value of the city grew for the fourth consecutive year, led by an increase in commercial assessments of almost 3 percent.
Council extends Rahway Plaza tax break
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.