Title
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Stipulation of Settlements for Tax Appeals
List of Property:
(Tax Payer/Address/Block/Lot/Ward/Assmnt./Year/Refund Amount)
Martins, Fernando & Manuela, Sofia/65 Brill Street/2475/16.03/East/$375,300/2010/$250,000/$125,300/-$3,984.54
153 Brill Associates LLC/153 Brill Street/2486/60/East/$185,000/2009/$185,000/$0/$0.00
153 Brill Associates LLC/153 Brill Street/2486/60/East/$185,000/2010/$185,000/$0/$0.00
153 Brill Associates LLC/153 Brill Street/2486/60/East/$185,000/2011/$145,000/$40,000/-$1,331.20
153 Brill Associates LLC/153 Brill Street/2486/60/East/$185,000/2012/$145,000/$40,000/-$1,380.80
McDonald, Alpha & Vernon Browne/77 Sumo Village Court/1183.01/11.42/East/$385,600/2011/$215,000/$170,600/
-$5,677.
McDonald, Alpha & Vernon Browne/77 Sumo Village Court/1183.01/11.42/East/$385,600/2012/$215,000/$170,600/
-$5,889.11
McDonald, Alpha & Vernon Browne/77 Sumo Village Court/1183.01/11.42/East/$318,700/2013/$318,700/$0/$0.00
Des Vignes, Andrew/1-9 Pomona Avenue/3678.01/5.02/C5B/South/$180,000/2011/$125,000/$55,000/-$1,830.40
Des Vignes, Andrew/1-9 Pomona Avenue/3678.01/5.02/C5B/South/$180,000/$180,000/2012/$125,000/$55,000/
-$1,898.60
Des Vignes, Andrew/1-9 Pomona Avenue/3678.01/5.02/C5B/South/$180,000/$163,100/2013/$163,100/$0/$0.00
Tonyma LLC a/k/a Tonymar LLC/1330-1346 McCarter Highway/445/37/Central/$1,008,800/2009/$907,800/$101,000/
-$2,766.39
Tonyma LLC a/k/a Tonymar LLC/1330-1346 McCarter Highway/445/37/Central/$1,008,800/2010/$907,800/$101,000/
-$3,211.80
Tonyma LLC a/k/a Tonymar LLC/1330-1346 McCarter Highway/445/37/Central/$1,008,800/2011/$907,800/$101,000/
-$3,361.28
Tonyma LLC a/k/a Tonymar LLC/1330-1346 McCarter Highway/445/37/Central/$1,008,800/2012/$907,800/$101,000/
-$3,486.52
Tonyma LLC a/k/a Tonymar LLC/1300-1328 McCarter Highway/445/1/Central/$902,600/2009/$812,200/$90,400/
-$2,476.06
Tonyma LLC a/k/a Tonymar LLC/1300-1328 McCarter Highway/445/1/Central/$902,600/2010/$812,200/$90,400/
-$2,874.72
Tonyma LLC a/k/a Tonymar LLC/1300-1328 McCarter Highway/445/1/Central/$902,600/2011/$812,200/$90,400/
-$3,008.51
Tonyma LLC a/k/a Tonymar LLC/1300-1328 McCarter Highway/445/1/Central/$902,600/2012/$812,200/$90,400/
$3,120.61
Rex Properties LLC/15-21 Ferdon Street/1096/45/East/$400,000/2010/$350,000/$50,000/-$1,590.00
Rex Properties LLC/15-21 Ferdon Street/1096/45/East/$350,000/2011/$300,000/$50,000/-$1,664.00
Rex Properties LLC/15-21 Ferdon Street/1096/45/East/$350,000/2012/$300,000/$50,000/-$1,726.00
Passaic Clay Urban Renewal LLC/264-304 Passaic Street/435/5.01/Central/$1,147,700/2008/$1,147,700/$0/$0.00
Passaic Clay Urban Renewal LLC/264-304 Passaic Street/435/5.01/Central/$1,147,700/2009/$926,500/$221,200/
-$6,058.67
Passaic Clay Urban Renewal LLC/264-304 Passaic Street/435/5.01/Central/$1,147,700/2010/$926,500/$221,200/
-$7,034.16
Passaic Clay Urban Renewal LLC/264-304 Passaic Street/435/5.01/Central/$1,147,700/2011/$926,500/$221,200/
-$7,361.54
Passaic Clay Urban Renewal LLC/264-304 Passaic Street/435/5.01/Central/$1,147,700/2012/$926,500/$221,200/
-$7,635.82
NJ Galvanizing & Tinning Works, Inc./139-155 Haynes Avenue/5090/6/South/$2,133,000/2008/$1,600,000/$533,000/
-$13,852.67
NJ Galvanizing & Tinning Works, Inc. /139-155 Haynes Avenue/5090/6/South /$2,133,000/2009/$1,600,000/$533,000/
$14,598.87
NJ Galvanizing & Tinning Works, Inc. /139-155 Haynes Avenue/5090/6/South/$2,133,000/2010/$1,600,000/$533,000/
$16,949.40
NJ Galvanizing & Tinning Works, Inc. /139-155 Haynes Avenue/5090/6/South /$2,133,000/2011/$1,600,000/$533,000/
-$17,738.24
NJ Galvanizing & Tinning Works, Inc. /139-155 Haynes Avenue/5090/6/South/$2,133,000/2012/$1,600,000/$533,000/
$18,399.16
Ivy Hill Park Section 2, Inc./31-61 Manor Drive/4274/8/West/$6,755,400/2010/$6,424,900/$330,500/-$10,509.90
Ivy Hill Park Section 1, Inc. /63-97 Manor Drive/4274/7West/$6,755,400/2010/$6,424,900/$330,500/-$10,509.90
Ivy Hill Park Section 4, Inc. /212-236 Mt. Vernon Place/4274/9/West/$6,755,400/2010/$6,424,900/$330,500/-$10,509.90 Ivy Hill Park Section 3, Inc./192-210 Mt. Vernon Pl./4274/10/West/$6,755,400/2010/$6,424,900/$330,500/-$10,509.90
Ivy Hill Park Section 5, Inc. /238-254 Mt. Vernon Pl./4274/1.01/West/$6,726,900/2010/$6,424,900/$302,000/
-$9,603.60
Ivy Hill Park Section 1, Inc. /593-607 Irvington Avenue/4274.02/11/West/$1,191,600/2010/$1,192,000/$400/$12.72
Ivy Hill Park Section 2, Inc. /38-72 Manor Drive/4274.02/12/West/$1,027,000/2010/$1,027,000/$0/$0.00
Ivy Hill Park Section 5, Inc. /475-487 Irvington Avenue/4274/1.02/West/$652,100/2010/$652,100/$0/$0.00
Ivy Hill Park Section 3, Inc. /170-186 Mt. Vernon Place/4274.02/13/West/$1,004,400/2010/$1,004,400/$0/$0.00 Commercial Bank a/k/a TD Bank/105-109 Mulberry Street/147/70/East/$1,631,600/2009/$1,585,000/$46,600/-$1,276.37 Commercial Bank a/k/a TD Bank/105-109 Mulberry Street/147/70/East/$1,631,600/2010/$1,585,000/$46,600/-$1,481.88
Commercial Bank a/k/a TD Bank/105-109 Mulberry Street/147/70/East/$1,631,600/2011/$1,585,000/$46,600/-$1,550.85
Commercial Bank a/k/a TD Bank/105-109 Mulberry Street/147/70/East/$1,631,600/2012/$1,585,000/$46,600/-$1,608.63
Commercial Bank a/k/a TD Bank/105-109 Mulberry Street/147/70/East/$1,522,200/2013/$1,522,200/$0/$0.00
Zorilla, Mario & Mesa, Rafael/262-264 Mt. Pleasant Avenue/444/25.02/Central/$439,900/2010/$364,900/$75,000/
-$2,385.00
Zorilla, Mario & Mesa, Rafael/262-264 Mt. Pleasant Avenue/444/25.02/Central/$439,900/2011/$364,900/$75,000/
-$2,496.00
Zorilla, Mario & Mesa, Rafael/262-264 Mt. Pleasant Avenue/444/25.02/Central/$439,900/2012/$364,900/$75,000/
-$2,589.00
Campbell, Vantella/37-39 Hudson Street/2849/19.02/Central/$393,300/2010/$313,300/$80,000/-$2,544.00
Campbell, Vantella/37-39 Hudson Street/2849/19.02/Central/$393,300/2011/$313,300/$80,000/-$2,662.40
Campbell, Vantella/37-39 Hudson Street/2849/19.02/Central/$393,300/2012/$313,300/$80,000/-$2,761.60
Winters, Roy & Sherri/40 Commerce Street/145/34/Central/$735,900/2011/$338,900/$397,000/-$13,212.16
Winters, Roy & Sherri/40 Commerce Street/145/34/Central/$735,900/2012/$338,900/$397,000/-$13,704.44
Aptekar, Irving & Steven/32-34 Kenmore Avenue/4187/28/West/$191,800/2010/$162,500/$29,300/-$931.74
Aptekar, Irving & Steven/32-34 Kenmore Avenue/4187/28/West/$191,800/2011/$162,500/$29,300/-$975.10
Aptekar, Irving & Steven/32-34 Kenmore Avenue/4187/28/West/$191,800/2012/$162,500/$29,300/-$1,011.44
Additional Information:
Total Tax Difference: -$ 263,753.17
Invitation: Corporation Counsel, January 20, 2016
body
WHEREAS, there are now pending before the Tax Court of New Jersey direct appeals challenging real property assessments and actions to review judgments of the Essex County Board of Taxation with regard to properties listed on the attached Schedule A, August 17, 2015; and
WHEREAS, after a review of the appraisals of both the City and the taxpayer and an analysis of prior County Board and Tax Court actions as they affect these properties, and after careful consideration of these facts, it is the opinion of the Tax Assessor and the Corporation Counsel that these settlements are in the best interests of the City of Newark.
NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:
1. The Corporation Counsel of the City of Newark be and is hereby authorized to execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A, dated August 17, 2015, after receipt of all documents deemed appropriate.
2. The City Clerk shall serve a copy of this resolution upon the Tax Assessor, Corporation Counsel and the Department of Finance.
STATEMENT
This resolution authorizes the Corporation Counsel or his designee to execute a Stipulation of Settlement with regard to Tax Appeals on certain properties as set forth in Schedule A, dated August 17, 2015.