Tag Archives: tax appeals

City Council, tax appeals, taxes

State Tax Court judgment slashes tax bill in half

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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.

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tax appeals

Tax judgement results in 2-percent break

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A judgement by the state Tax Court resulted in a 2-percent reduction for one of the city’s largest taxpayers in the 2010 tax year, but no change in the property’s overall assessment.

The City Council approved resolution AR-230 at its Oct. 15 meeting, authorizing a $7,001 credit for the overpayment of taxes to Renaissance at Rahway, LLC, which does business as Meridia Grand. The building was constructed in 2010 by Capodagli Property Company, which sold it in 2011 for $19 million.

The 88-unit Meridia Grand on Monroe Street and East Grand Avenue is assessed at $5.362 million, for a property tax bill of about $324,420 last year. A $7,001 reduction is about 2.16 percent. The size and nature of a tax appeal can determine what venue it’s decided in and larger tax appeals can take longer to resolve.

The number of tax appeals filed doubled in 2010, and it was the same year that Merck initiated a massive tax appeal on its property, which resulted in a settlement and multi-year reduction. Renaissance at Rahway/Meridia Grand was among the top 10 property taxpayers in the city that year.

The City Council also approved refunds for 2013 tax appeals, which will be detailed in an upcoming post.

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tax appeals, taxes

Gas station property awarded tax judgement

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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.

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City Council, tax appeals

Hamilton Apartments successful in tax judgment

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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.

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City Council, tax appeals, taxes

City budget estimates average $116 tax increase

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A municipal budget presented Monday night forecasts an average $116 increase in the city’s portion of the tax bill.

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City Council, tax appeals, taxes

2012 tax appeals cost city half-million dollars

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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.

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Best Independent Blog? Yes, please

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The New Jersey chapter of the Society of Professional Journalists awarded Rahway Rising the winner of the Independent (non-media affiliated) Blog category in the 2011 Excellence in Journalism Awards.

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