Another month, another multi-year tax appeal is settled. A shopping center that straddles the border of Rahway and Woodbridge will get a refund of more than $188,000 on its tax bill over the last five years after the City Council approved a judgment by the state Tax Court.
Tag Archives: St. Georges Avenue
State Tax Court judgment slashes tax bill in half
Let’s call it “Tax appeal week” at Rahway Rising as we catch up on a few more tax appeals over the last several months, including those approved at the county tax board, decided at the state Tax Court or settled with the city.
STS Tire and Auto Center on St. Georges Ave. (Block 7, Lot 1) had its 2012 tax bill cut in half after a judgment by the state Tax Court. The City Council authorized a refund of $16,705.26 at its Nov. 12 meeting (AR-240), some 46 percent off the total property tax bill of about $36,310 paid by STS on its three St. Georges Avenue lots.
The main parcel on St. Georges Avenue, about a third of an acre and including the building, is assessed for $512,000 and had a tax bill of $29,906 in 2012. Two other land-only lots (Block 7, Lots 2 and 3), which were not appealed, are assessed at a combined $105,900, with taxes of $6,404, for a total 2012 tax bill of about $36,310.
Bridgewater-based STS also was among more than 120 tax appeals in the city for the 2013 tax year that were approved by the county tax board. The City Council approved the judgements at its October meeting and we’ll post details on those appeals and new assessments later this week.
New space at St. Georges Plaza taking shape
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Commercial space that will be the future home of a new Subway shop is starting to take shape at the St. Georges Avenue Shopping Plaza.
The new 2,800-squart-foot space will house a Subway later this year as well as a second tenant. The former Krauser’s space will be occupied by a 7-Eleven after renovations are completed.
Here’s what the site looked like about six weeks ago:
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Gas station property awarded tax judgement
The City Council last week approved more than $9,000 in credits for overpayment of taxes to a St. Georges Avenue gas station, as a result of a judgement in tax court. The governing body on July 8 approved AR-149-13, which awarded a credit for the 2011 and 2012 tax years to Lukoil North America at 490 St. Georges Ave., (Block 15, Lot 1).
Credits for overpayment of taxes
* 2011, $3,574.30 (~16 percent)
* 2012, $5,578.16 (~24 percent)
Total, $9,152.46 (~20 percent)
The 0.4-acre property at the corner of West Inman Avenue is assessed at $394,500 and paid about $23,043 in property taxes last year, so the credits represent an approximately 16-percent credit on its 2011 taxes and a 24-percent credit on the 2012 tax bill; or an average 20 percent over two years.
The city had a record number of tax appeals filed and won last year, which affected the municipal budget by an estimated $25 for the average home’s tax bill.
Rental building added $2m to assessed value
Perusing some tax and property records yielded an interesting morsel of information about Brookside at Rahway, the 50-unit apartment complex on St. Georges Avenue that opened last year.
Continue reading Rental building added $2m to assessed value
7-11, new space coming to St. Georges plaza
The Deals shopping center on St. Georges Avenue will be getting a 7-Eleven as well as two tenants in a new addition to the property later this year.
Continue reading 7-11, new space coming to St. Georges plaza
Hamilton Apartments successful in tax judgment
A Hamilton Street apartment complex was awarded a roughly 13 percent refund on its property tax bill over two years after a judgment by the state Tax Court.
Continue reading Hamilton Apartments successful in tax judgment
2012 tax appeals cost city half-million dollars
Successful tax appeals this year will cost the city a half-million dollars in refunds to more than 350 properties, dropping the city’s assessed value by $8 million. City Council at its November meeting approved the refunding of taxes due to tax appeal judgments by the county Board of Taxation.
Continue reading 2012 tax appeals cost city half-million dollars