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)
ECNJ Properties LLC/806 South 13th Street/2649/20/South/$150,300/2012/-$459.12
248-252 McWhorter St., LLC/248-252 McWhorter Street/933/1/East/$593,800/2010/-$3,628.38
248-252 McWhorter St., LLC/248-252 McWhorter Street/933/1/East/$593,800/2011/-$5,617.66
248-252 McWhorter St., LLC/248-252 McWhorter Street/933/1/East/$479,700/2012/-$1,888.24
Wright, Jason & Hill, Lessie/528 S. 11th Street/308/51/Central/$108,500/2013/-$398.66
28 McWhorter St., LLC/28-50 McWhorter Street/184/28/East/$1,545,000/2009/-$8,600.46
28 McWhorter St., LLC/28-50 McWhorter Street/184/28/ East/$1,545,000/2010/-$9,985.20
28 McWhorter St., LLC/28-50 McWhorter Street/184/28/ East/$1,545,000/2011/-$10,449.92
28 McWhorter St., LLC/28-50 McWhorter Street/184/28/ East/$1,545,000/2012/-$10,839.28
438 McCarter LLC/1374-1398 McCarter Highway/438/1.02/Central/$956,400/2010/-$10,538.52
438 McCarter LLC/1374-1398 McCarter Highway/438/1.02/Central/$750,000/2011/-$4,160.00
438 McCarter LLC/1374-1398 McCarter Highway/438/1.02/Central/$750,000/2012/-$4,315.00
Newark Adams Associates, LLC/64-88 Adams Street/1990/23/East/$5,268,400/2013/-$44,823.59
Roseville Ave Realty Associates/336-342 Roseville Avenue/1946.01/25/West/$925,000/2011/-00.00
Roseville Ave Realty Associates/336-342 Roseville Avenue/1946.01/25/West/$925,000/2012/-00.00
Roseville Ave Realty Associates/336-342 Roseville Avenue/1946.01/25/West/$2,761,900/2013/-$30,531.07
Roseville Ave Realty Associates/336-342 Roseville Avenue/1946.01/25/West/$1,998,000/2014/-$10,357.34
Roseville Ave Realty Associates/328-330 Roseville Avenue/1946.01/31/West/$725,000/2011/-00.00
Roseville Ave Realty Associates/328-330 Roseville Avenue/1946.01/31/West/$725,000/2012/-00.00
Roseville Ave Realty Associates/328-330 Roseville Avenue/1946.01/31/West/$1,383,600/2013/-12,154.55
Roseville Ave Realty Associates/328-330 Roseville Avenue/1946.01/31/West/$1,123,900/2014/-5,826.78
G&S, LLC/234-268 Miller Street/1170/1/East/$2,349,200/2009/-$9,318.08
G&S, LLC/234-268 Miller Street/1170/1/East/$2,349,200/2010/-$10,818.36
G&S, LLC/234-268 Miller Street/1170/1/East/$2,349,200/2011/-$14,949.38
G&S, LLC/234-268 Miller Street/1170/1/East/$2,349,200/2012/-$15,506.38
Boneh Empire, LLC/308-320 South 11th Street/1796/48/West/$1,634,900/2010/-$26,549.82
Boneh Empire, LLC/308-320 South 11th Street/1796/48/West/$1,634,900/2011/-$27,785.47
358 Ridgewood Associates, LLC/358 Ridgewood Avenue/3564/29/South/$282,300/2011/-$998.40
358 Ridgewood Associates, LLC/358 Ridgewood Avenue/3564/29/South/$282,300/2012/-$1,035.60
364 Seymour Associates LLC/364 Seymour Avenue/3594/10/South/$317,300/2011/-$998.40
364 Seymour Associates LLC/364 Seymour Avenue/3594/10/South/$317,300/2012/-$1,035.60
Benjamin Moore & Co./122-152 Lister Avenue/2438/40/East/$4,177,400/2012/-$25,745.02
Benjamin Moore & Co./122-152 Lister Avenue Rear/2438/62/East/$1,698,500/2012/-$3,783.39
Benjamin Moore & Co./114-120 Lister Avenue/2438/34/East/$809,500/2012/-$00.00
486 S. 13th Associates LLC/486 S. 13th Street/286/1.04/Central/$149,400/2011/$-812.03
486 S. 13th Associates LLC/486 S. 13th Street/286/1.04/Central/$149,400/2012/$-842.29
486 S. 13th Associates LLC/486 S. 13th Street/286/1.04/Central/$149,400/2013/$-00.00
285 Wainwright LLC/285 Wainwright Street/3733/45/South/$127,200/2012/-$1,456.74
285 Wainwright LLC/285 Wainwright Street/3733/45/South/$144,900/2013/-$442.96
285 Wainwright LLC/285 Wainwright Street/3733/45/South/$144,900/2014/-$465.15
816 Parker Associates LLC/816-818 Parker Street/810/17/North/$159,400/2010/-$139.92
816 Parker Associates LLC/816-818 Parker Street/810/17/North/$159,400/2011/-$146.43
816 Parker Associates LLC/816-818 Parker Street/810/17/North/$159,400/2012/-$151.89
Federated Building Corp./5-7 Merchant Street/1993/3/East/$517,700/2010/-$6,922.86
Federated Building Corp./5-7 Merchant Street/1993/3/East/$517,700/2011/-$7,245.06
Global International Trading Co./422-440 Frelinghuysen Avenue/3516/20.02/South/$1,182,700/2009/-$2,796.52
Global International Trading Co./422-440 Frelinghuysen Avenue/3516/20.02/South/$1,182,700/2010/-$3,246.78
Global International Trading Co./422-440 Frelinghuysen Avenue/3516/20.02/South/$1,182,700/2011/-$3,397.89
Global International Trading Co./422-440 Frelinghuysen Avenue/3516/20.02/South/$1,182,700/2012/-$3,524.49
875 Napoleon Associates LLC/87 Napoleon Street/1005/67/East/$243,600/2011/-$00.00
875 Napoleon Associates LLC/87 Napoleon Street/1005/67/East/$243,600/2012/-$2,885.87
Burger King/Fernandez, Elaine c/o Burger King/418-428 Market Street/177/35/East/$1,451,800/2010/-$11,187.24
Burger King/Fernandez, Elaine c/o Burger King/418-428 Market Street/177/35/East/$1,451,800/2011/-$11,707.90
Burger King/Fernandez, Elaine c/o Burger King/418-428 Market Street/177/35/East/$1,451,800/2012/-$12,144.14
Uzodike, Obioma/212-214 Astor Street/1181/28.02/East/$334,000/2014/-$1,231.10
Uzodike, Obioma/212-214 Astor Street/1181/28.02/East/$334,000/2015/-$1,313.67
Miller, Annie & Nicaury/206 12th Avenue/1798/3/West/$136,400/2013/-$1,311.13
Miller, Annie & Nicaury/206 12th Avenue/1798/3/West/$136,400/2014/-$1,376.84
Miller, Annie & Nicaury/206 12th Avenue/1798/3/West/$136,400/2015/-$1,469.20
Ferreira, Joaquim & Maria/75-77 Nichols Street/959/58.01/East/ $425,500/2009/-$4,396.10
Ferreira, Joaquim & Maria/75-77 Nichols Street/959/58.01/East/ $425,500/2010/-$5,103.90
Ferreira, Joaquim & Maria/75-77 Nichols Street/959/58.01/East/ $425,500/2011/-$5,341.44
Ferreira, Joaquim & Maria/75-77 Nichols Street/959/58.01/East/ $425,500/2012/-$5,540.46
Steele, Millar D./62-64 Schley Street/3073/37/South/$129,000/2014/-$744.24
Steele, Millar D./62-64 Schley Street/3073/37/South/$129,000/2015/-$794.16
Thomas, Brandon L./ 32 N.6th Street/1852/5/West/$164,200/2013/-$862.28
Thomas, Brandon L./ 32 N.6th Street/1852/5/West/$164,200/2014/-$905.49
Thomas, Brandon L./ 32 N.6th Street/1852/5/West/$164,200/2015/-$966.23
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Abilio, Carmen & Antonio/261 Ferry Street/2036/5/East/$538,000/2012/-$5,412.74 |
Additional Information:
Total Tax Difference: -$419,382.80
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; 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 December 2, 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 to execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A dated December 2, 2015.