The settlement of a multi-year tax appeal will result in a 31-percent refund on four years of property taxes for a local hotel while appeals on two other years were withdrawn.
Continue reading Tax appeal settlement nets 30-percent refund
Tag Archives: Routes 1/9
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
Industrial building changes hands
A Brooklyn company is moving into an industrial building that was acquired adjacent to Routes 1&9, according to multiple reports.
Former furniture store building on Route 1 sold
A former furniture store property on Route 1 changed hands earlier this year for the first time in more than 12 years, selling for $1.775 million.
Continue reading Former furniture store building on Route 1 sold
Arts District post split, board to expand
The Rahway Arts District (RAD) split its executive director position and plans to expand the Board of Trustees to include representation beyond its downtown boundaries.
Breakdown by property of expanded citywide SID
The average property within an expanded, citywide Special Improvement District (SID) would pay about $1,437 in taxes to the SID, but the average among industrial properties and apartments would be nearly twice as high as commercial properties.
Continue reading Breakdown by property of expanded citywide SID
Fight over SID expansion will go to court
A group of property owners is taking their fight over expansion of the downtown Special Improvement District (SID) to court.
Expanded SID likely means 5% tax hike for new lots
Commercial properties that will be new to the expanded Special Improvement District (SID) in 2015 are likely to see what amounts to a nearly 5-percent increase on their property tax bill.
Continue reading Expanded SID likely means 5% tax hike for new lots