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)
Anheuser-Busch Inc./5090/193/314-332 Route 1 & 9/South/2018/$691,000/-$0.00
Anheuser-Busch Inc./5090/193/314-332 Route 1 & 9/South/2019/$691,000/-$0.00
Anheuser-Busch Inc./5090/193/314-332 Route 1 & 9/South/2020/$691,000/-$0.00
Anheuser-Busch Inc./5090/193/314-332 Route 1 & 9/South/2021/$691,000/-$0.00
Anheuser-Busch Inc./5090/193/314-332 Route 1 & 9/South/2022/$691,000/-$0.00
Anheuser-Busch Inc./5090/44.01(48)/334-348 Route 1 & 9/South/2018/$36,902,000/-$0.00
Anheuser-Busch Inc./5090/44.01(48)/334-348 Route 1 & 9/South/2019/$36,902,000/-$0.00
Anheuser-Busch Inc./5090/44.01(48)/334-348 Route 1 & 9/South/2020/$36,902,000/-$0.00
Anheuser-Busch Inc./5090/44.01(48)/334-348 Route 1 & 9/South/2021/$36,902,000/-$0.00
Anheuser-Busch Inc./5090/44.01(48)/334-348 Route 1 & 9/South/2022/$36,902,000/-$0.00
Anheuser-Busch Inc./5090/50/174-312 Route 1 & 9/South/2018/$59,407,000/-$1,034,040.00
Anheuser-Busch Inc./5090/50/174-312 Route 1 & 9/South/2019/$59,907,000/-$1,034,275.00
Anheuser-Busch Inc./5090/50/174-312 Route 1 & 9/South/2020/$60,407,000/-$1,026,000.00
Anheuser-Busch Inc./5090/50/174-312 Route 1 & 9/South/2021/$60,407,000/-$1,008,180.00
Anheuser-Busch Inc./5090/50/174-312 Route 1 & 9/South/2022/$66,057,000/-$797,636.00
Additional Information:
Total Credits: $4,900,131.00
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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, May 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 properties, and after careful cons...
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