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)
Military Park Building, LLC/12 Park Street/125/110/Central/$593,600/2011/-$0.00
Military Park Building, LLC/12 Park Street/125/110/Central/$593,600/2012/-$0.00
Military Park Building, LLC/12 Park Street/125/110/Central/$243,600/2013/-$0.00
Military Park Building, LLC/60-66 Park Place/125/1/Central/$15,350,000/2012/-$0.00
Military Park Building, LLC/60-66 Park Place/125/1/Central/$36,421,600/2013/-$381,836.24
Military Park Building, LLC/16 Park Street/125/100/Central/$215,500/2012/-$0.00
Military Park Building, LLC/16 Park Street/125/100/Central/$539,900/2013/-$0.00
Military Park Building, LLC/20 Park Street/125/98/Central/$279,800/2012/-$0.00
Military Park Building, LLC/20 Park Street/125/98/Central/$508,300/2013/-$0.00
Military Park Building, LLC/18 Park Street/125/99/Central/$252,200/2012/-$0.00
Military Park Building, LLC/18 Park Street/125/99/Central/$508,300/2013/-$0.00
Rei, Jose/284-292 Chestnut Street/956/17.07/East/$3,270,300/2010/-$65,104.14
Rei, Jose/284-292 Chestnut Street/956/17.07/East/$3,270,300/2011/-$63,028.99
Rei, Jose/284-292 Chestnut Street/956/17.07/East/$3,270,300/2012/-$64,749.16
Additional Information:
Total Tax Difference: -$574,718.53
Invitation: Corporation Counsel, July 8, 2014
Deferred 7R5-h 070914
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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 op...
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