The city’s overall tax assessment was down almost 2 percent this year with vacant assessments jumping almost 38 percent.
Tag Archives: taxes
Council OKs settlement of smaller tax appeals
City Council has authorized the tax assessor to resolve and settle property tax appeal refunds or credits of up to $30,000 per appeal per year.
Continue reading Council OKs settlement of smaller tax appeals
Tax appeal settled with another Route 1 motel
City Council approved another multi-year tax appeal settlement with a local motel chain, resulting in an average tax refund of 17 percent over four years, with a 2019 reduction yet to come.
Continue reading Tax appeal settled with another Route 1 motel
City Council adopts municipal, SID budgets
City Council unanimously passed a nearly $55-million municipal budget — which includes an average tax hike of $82 for the average homeowner — and the annual $140,000 Special Improvement District (SID) budget, during its meeting Monday night, with no comments from the public and only a couple of clarifying questions from council members.
SID & municipal budgets up for adoption
City Council is scheduled to vote on a proposed 2018 municipal budget and the annual Special Improvement District (SID) budget during a special meeting tonight at 6:30 p.m.
Tax appeal settlement nets 30-percent refund
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result in a 31-percent refund on four years of property taxes for a local hotel while appeals on two other years were withdrawn.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
PILOTs exceed $1.5 million in 2018 budget
The latest downtown development is expected to begin contributing a Payment In Lieu of Taxes (PILOT) this year, bringing anticipated revenue from PILOTs to more than $1.5 million in the 2018 municipal budget.
Budget projects $82 hike
Municipal taxes are projected to increase by an average $82 as part of a 2018 budget introduced by City Council.