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)
160 Frontage Road, LLC/5088/172/156-160 Frontage Road/East/2015/$25,000,000/-$127,065.60
160 Frontage Road, LLC/5088/172/156-160 Frontage Road/East/2016/$25,000,000/-$132,096.00
160 Frontage Road, LLC/5088/172/156-160 Frontage Road/East/2017/$25,000,000/-$136,704.00
160 Frontage Road, LLC/5088/172/156-160 Frontage Road/East/2018/$24,000,000/-$178,741.20
160 Frontage Road, LLC/5088/172/156-160 Frontage Road/East/2019/$24,000,000/-$182,032.40
160 Frontage Road, LLC/5088/172/156-160 Frontage Road/East/2020/$23,000,000/-$123,310.00
160 Frontage Road, LLC/5088/172/156-160 Frontage Road/East/2021/$23,000,000/-$121,168.30
160 Frontage Road, LLC/5088/172/156-160 Frontage Road/East/2022/$20,000,000/-$0.00
160 Frontage Road, LLC/5088/174/150-154 Frontage Road/East/2015/$163,000/-$0.00
160 Frontage Road, LLC/5088/174/150-154 Frontage Road/East/2016/$163,000/-$0.00
160 Frontage Road, LLC/5088/174/150-154 Frontage Road/East/2017/$163,000/-$0.00
160 Frontage Road, LLC/5088/174/150-154 Frontage Road/East/2018/$163,000/-$0.00
160 Frontage Road, LLC/5088/174/150-154 Frontage Road/East/2019/$163,000/-$0.00
160 Frontage Road, LLC/5088/174/150-154 Frontage Road/East/2020/$163,000/-$0.00
160 Frontage Road, LLC/5088/174/150-154 Frontage Road/East/2021/$163,000/-$0.00
Additional Information:
Total credits: $1,001,117.50
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, April 2024 Credits; 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...
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