The city will foreclose on a contaminated industrial property with significant tax liens in hopes of cleaning it up.
Tag Archives: foreclosure
Foreclosure registration fee revenues decline
Revenue in the proposed municipal budget from foreclosure and vacant house registration fees is anticipated to be less than $300,000 for 2022, the lowest level since the registry was created eight years ago.
Continue reading Foreclosure registration fee revenues decline
Property acquisition moving forward
Property acquisition for the proposed Bridgeview development is moving ahead with an offer on one property and a potential site identified to relocate a PSE&G substation.
Late fee tacked on to vacant property registration
A new late fee on vacant property registration fees is aimed at owners trying to get around the annual payment.
Continue reading Late fee tacked on to vacant property registration
Abstract of ratables, 2020
The total taxable value of Rahway properties grew last year by $4.5 million, or 0.32 percent, with the industrial class inching up for the first time in years while residential assessments increased their share of assessments to a recent high of almost 68 percent of the city’s value.
City to foreclose on three properties
The city plans to foreclose on three small properties that are delinquent on taxes.
City Council establishes land bank
City Council unanimously passed legislation to create a land bank in the city.
PILOTs in the 2019 budget
Revenue from Payments In Lieu Of Taxes (PILOT) is projected to reach almost $1.4 million in this year’s municipal budget while foreclosure registry fees are expected to jump by more than 50 percent.