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)
Koshai LLC./892 Broad Street/865/4/East/$500,000/2011/-$0.00
Koshai LLC./892 Broad Street/965/4/ East /$500,000/2012/-$0.00
Koshai LLC./892 Broad Street/965/4/ East /$1,226,600/2013/-$14,074.00
Koshai LLC./892 Broad Street/965/4/ East /$1,226,600/2014/-$14,779.37
Wells REIT II 80 Park Plaza LLC/1135-1155 Raymond Boulevard/142/1/Central/$85,314,000/2010/-$327,985.20
Wells REIT II 80 Park Plaza LLC/1135-1155 Raymond Boulevard/142/1/Central/$85,314,000/2011/-$243,409.92
Wells REIT II 80 Park Plaza LLC/1135-1155 Raymond Boulevard/142/1/Central/$85,314,000/2012/-$252,479.28
Wells REIT II 80 Park Plaza LLC/1135-1155 Raymond Boulevard/142/1/Central/$114,581,600/2013/-$0.00
Wells REIT II 80 Park Plaza LLC/1135-1155 Raymond Boulevard/142/1/Central/$114,581,600/2014/-$0.00
Wells REIT II 80 Park Plaza LLC/1135-1155 Raymond Boulevard/142/1/Central/$114,581,600/2015/-$0.00
520 Broad Street Associates, LLC/8-36 Atlantic Street/12/53/Central/$3,000,000/2012/-$0.00
520 Broad Street Associates, LLC/8-36 Atlantic Street/12/53/Central/$4,400,000/2013/-$29,530.00
Broad Atlantic Assoc., LLC/516-532 Broad Street/24/40/Central/$23,729,600/2012/-$34,520.00
Broad Atlantic Assoc., LLC/516-532 Broad Street/24/40/Central/$42,400,000/2013/-$425,232.00
Fontes, Alexander & Maria/637-641 Market Street/2011/23/East/$2,050,200/2013/-$8,864.91
E&S Hermon Associates LLC/50 Hermon Street/928/4/East/$411,900/2014/-$2,229.62
Additional Information:
Total Tax Difference: -$ 1,353,104.30
Invitation: Corporation Counsel, January 5, 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 prop...
Click here for full text