A multimillion-dollar tax credit from the state will help a Brooklyn, N.Y., publisher with the planned acquisition and renovation of an industrial building on Regina Avenue.
Continue reading Tax credit helps acquire Regina Avenue site
Tag Archives: industrial
Council supports medical marijuana center
City Council adopted a resolution in support of locating a medical marijuana dispensary within the city’s light industrial or heavy industrial zones.
Assessed value down marginally in 2017
The city’s overall assessed value was largely unchanged last year, with some marginal decreases in some classes and the largest drop coming in Commercial assessments, which were down less than 2 percent.
Industrial parcel wins 11 percent tax appeal
An industrial property just off Routes 1&9 near the Linden border won a state tax appeal judgement covering five years and more than $35,000 – roughly 11 percent of its tax bill. Continue reading Industrial parcel wins 11 percent tax appeal
A look at assessed value over the past decade
Rahway’s overall assessed value is about 7 percent off since the recession with assessed values of apartments and industrial properties heading in opposite directions while commercial assessments are almost back to pre-recession levels.
Continue reading A look at assessed value over the past decade
A look at total assessment, 2015-16
Rahway’s total taxable value nudged up slightly last year, highlighted by a sharp increase in apartment assessments thanks to a new building on the tax rolls, and a dip among industrial property due to lower assessments on Merck properties.
Council OKs tax appeals for industrial site
Rahway Industrial Sites will receive a refund of more than $200,000 as part of a settlement in state Tax Court.
Continue reading Council OKs tax appeals for industrial site
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.