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.
Category Archives: taxes
City Council approves 2016 budget
City Council approves Gramercy 20-year PILOT
Without comment from the public or its members, City Council on Monday night unanimously adopted a 20-year Payment In Lieu Of Taxes (PILOT) for The Gramercy.
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Gramercy PILOT would shave $100k off tax bill
A proposed PILOT for The Gramercy would stipulate an annual fee of $78,000, about twice as much as the properties currently generate in taxes but about $100,000 less than what the completed project might pay.
Continue reading Gramercy PILOT would shave $100k off tax bill
A closer look at 2016 municipal budget
Three new Payments In Lieu Of Taxes (PILOT) to the city and higher foreclosure registry fees should boost city revenues by some $652,000 in the 2016 budget.
30-year PILOT considered for The Gramercy
The developer of a 43-unit East Cherry Street project has requested a 30-year Payment In Lieu Of Taxes (PILOT) to be considered by City Council.
City Council introduces 2016 municipal budget
Municipal taxes would rise by about $39 on the average property under a municipal budget introduced by City Council.
Continue reading City Council introduces 2016 municipal budget
Industrial property wins tax appeal again
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.