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)
Iglesia de Dios Pentecostal VA/517/51/124-128 Broadway/Central/Exempt/2014/$18,112.94
Iglesia de Dios Pentecostal VA/517/51/124-128 Broadway/Central/Exempt/2015/$19,327.87
Iglesia de Dios Pentecostal VA/517/51/124-128 Broadway/Central/Exempt/2016/$20,093.04
Iglesia de Dios Pentecostal VA/517/51/124-128 Broadway/Central/Exempt/2017/$20,793.96
Additional Information:
Refund will be applied as credit against taxes due.
Total Tax Credit Difference: - $78,327.81
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, February 2021; and
WHEREAS, the City of Newark retained the law firm of DeCotiis, FitzPatrick, Cole & Giblin LLP, to represent the interests of the City in these actions; 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, and/or his designee, upon recommendation of the law firm DeCotiis, FitzPatrick, Cole & Giblin LLP ("Outside 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 and/or his designee, the law firm of DeCotiis, FitzPatrick, Cole & Giblin LLP, of the City of Newark are authorized to execute a Stipulation of Settlement with regard to certain properties as set forth in Schedule A, February 2021, after...
Click here for full text