.City Council extended a tax abatement agreement that was set to the expire at year’s end for a 55-year-old high-rise building.
Tag Archives: taxes
Average $195 tax hike estimated in city budget
The average home in Rahway, assessed at $133,000, is expected to see an increase of about $195 in the municipal portion of tax bills, under a city budget adopted last month.
Continue reading Average $195 tax hike estimated in city budget
A closer look at PILOTS in 2024 municipal budget
Revenue from Payments In Lieu Of Taxes (PILOT) increased last year by 30 percent, about $845,000, and this year’s municipal budget anticipates another increase of 26 percent, or almost $720,000.
Continue reading A closer look at PILOTS in 2024 municipal budget
Council hires appraiser for Merck assessment
City Council hired an appraisal firm to help with the tax assessment of new developments on the East Scott Avenue campus of Merck & Co., the city’s largest taxpayer.
Continue reading Council hires appraiser for Merck assessment
Budget includes average tax hike of $149
Municipal taxes will rise by an average of $149 in Rahway after two years without much of an increase.
Delco Plaza settles multi-year tax appeal
Owners of a shopping center that straddles Rahway and Woodbridge will get a refund of almost $150,000 after a tax appeal settlement on the property, the second in the past decade.
Abstract of Ratables, 2022
The net taxable value of the city grew for the fourth consecutive year, led by an increase in commercial assessments of almost 3 percent.
Council extends Rahway Plaza tax break
City Council extended a 50-year tax break another five years for a downtown high-rise with plans to possibly extend it longer in the future.