File #: 21-1459    Version: 1 Name: Filing of Reverse Tax Appeals
Type: Resolution Status: Adopted
File created: 9/30/2021 In control: Finance
On agenda: 11/4/2021 Final action: 11/4/2021
Title: Dept./ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Filing of Reverse Tax Appeals with the Essex County Board of Taxation or the New Jersey Tax Court. List of Property: (Tax Payer/Address/Block/Lot) Several properties listed in Exhibit A. Additional Information:
Sponsors: Council of the Whole
Title
Dept./ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Filing of Reverse Tax Appeals with the Essex County Board of Taxation or the New Jersey Tax Court.
List of Property:
(Tax Payer/Address/Block/Lot)
Several properties listed in Exhibit A.
Additional Information:

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WHEREAS, pursuant to Title 54 of the New Jersey Statutes Annotated, the City of Newark regularly assesses all real properties within the City and allocates its budget in a proportionate manner based upon the value of the various line items; and

WHEREAS, the City, through its Tax Assessor, learned that there are properties that are significantly undervalued or under assessed and, as such, the City is not receiving the appropriate taxes and revenue; and

WHEREAS, N.J.S.A. 54:3-21(a)(1) "authorizes a taxing district feeling aggrieved by the assessed valuation of the property in the taxing district to appeal to the County Board of Taxation, by filing with it a petition of appeal"; and

WHEREAS, the City can also appeal the assessed valuation of the property to the New Jersey Tax Court; and

WHEREAS, after receiving an analysis of various properties, the Tax Assessor and Business Administrator, concur that it is in the best interest of the City to file Reverse Tax Appeals; as such, the City has initiated a number of such appeals with respect to the properties set forth on Exhibit A attached; and

WHEREAS, Reverse Tax Appeals must be filed no later than April 1, of the given year; and

WHEREAS, given the statutory deadline, the City caused to be filed the reverse tax appeals shown on Exhibit A on or before April 1, 2021.

NOW, THEREFORE, BE IT RESOLVED BY THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, THAT:

1. The Mayor of the City of Newark and/or his designee, the Corporation Counsel, are authorized to file the Reverse Tax A...

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