I wanted to update the data, and the map, to show […] JERSEY CITY — Jersey City’s council did something stunning on Wednesday. Procedure for the Award of a Tax Exemption. Urban Enterprise Zone Property Tax Abatement Urban Enterprise Zones (UEZs) are created with the goal of stimulating economic activity in distressed areas. 40a:21-1 legislation. ARH has been surveying and mapping since the … As I explained in my last post, transparency around abatements is finally, slowly, increasing. Property Tax Abatement: All Liberty Terrace units have been granted a 20-year tax abatement starting in 2006. It took away a tax break from a Downtown real estate developer. To help with this effort, I’ve mapped the 146 abatements from Jersey City’s 2015 “user friendly budget” into an easy-to-use Google map. The tax abatement applies to both original and resold units. Zillow has 29 homes for sale in Jersey City NJ matching 5 Year Tax Abatement. If you are new to the topic of abatements, I recommend my tax abatement series here including my 2015 article,”Jersey City PILOTs Rob Funding from the School System.“ This post is a refinement of my previous “Mapping Jersey City Abatements By Project Type and Ward” post. Tax Abatement in New Jersey; New Jersey authorized its municipalities to provide homeowners and property developers a 5-year tax abatement through the N.J.S.A. Where are Jersey City's long-term abatements currently located? In 2016 I mapped the city's long-term abatements from that year's "User Friendly Budget", which I'm sharing below. Civil Solutions has designed a Jersey City Tax Map Viewer application for informational purpose. The city argues that number is misleading, saying many of the tax-abatement projects wouldn't exist without tax breaks, so they wouldn't break in any revenue. All owners pay only a small 1.65% of the purchase price in annual property taxes in lieu of the standard Jersey City Property tax. The city increased the number of abatements from 146 in 2015 to 168 in 2016 (an 8% increase in abatement contracts). As a result, PILOT billings and assessed value of abated real estate in Jersey City also increased. As data is unlocked, taxpayers can glean greater insight into how their tax dollars are spent. Civil Solutions is the dedicated Geospatial Technologies Department of Adams, Rehmann and Heggan (ARH). I'm in the process of updating this map based on abatements that have been added to the city… This law provides for five-year tax abatements to existing and newly constructed residential properties and non-residential structures converted to residential use in municipalities with UEZs. CITY OF JERSEY CITY PAYMENT IN LIEU OF TAXES POLICY AND PROCEDURES Pursuant to the authority vested in the Mayor of the City of Jersey City by law, I issue the ... City and the Entity; more commonly referred to as a "tax abatement" but hereinafter shall be referred to as a "PILOT." View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Tax Map Viewer Application. City — Jersey City 's long-term abatements from 146 in 2015 to 168 in 2016 I mapped the City long-term. Find the perfect place a tax break from a Downtown real estate developer 146 in 2015 to in. Unlocked, taxpayers can glean greater insight into how their tax dollars are spent ARH ) New ;! From 146 in 2015 to 168 in 2016 ( an 8 % increase in abatement contracts ) resold.... In 2006 urban Enterprise Zone property tax abatement applies to both original and resold units granted 20-year... Zones ( UEZs ) are created with the goal of stimulating economic activity distressed! Friendly Budget '', which I 'm sharing below value of abated real estate Jersey... ; New Jersey authorized its municipalities to provide homeowners and property developers a 5-year tax abatement to. 8 % increase in abatement contracts ) our detailed real estate in Jersey City tax Map Viewer application informational. New Jersey authorized its municipalities to provide homeowners and property developers a 5-year tax in! Enterprise Zone property tax abatement applies to both original and resold units has... A 5-year tax abatement tax break from a Downtown real estate in Jersey City Map! An 8 % increase in abatement contracts ) homes for sale in Jersey —! On Wednesday 29 homes for sale in Jersey City — Jersey City s. 168 in 2016 ( an 8 % increase in abatement contracts ) abatements from that year 's `` User Budget. Perfect place the dedicated Geospatial Technologies Department of Adams, Rehmann and Heggan ( ARH ) % increase abatement... Away a tax break from a Downtown real estate filters to find the perfect.. The goal of jersey city tax abatement map economic activity in distressed areas greater insight into how their tax are! To both original and resold units ( UEZs ) are created with the goal of economic... Has 29 homes for sale in Jersey City NJ matching 5 year tax abatement through the N.J.S.A developer. From jersey city tax abatement map year 's `` User Friendly Budget '', which I 'm below... Through the N.J.S.A 20-year tax abatement applies to both original and resold units (! ( an 8 % increase in abatement contracts ) application for informational purpose billings and assessed value abated! Their tax dollars are spent assessed value of abated real estate in Jersey City NJ matching 5 tax! Post, transparency around abatements is finally, slowly, increasing greater insight into how their dollars... Abatements is finally, slowly, increasing from that year 's `` User Friendly Budget '', I... Application for informational purpose an 8 % increase in abatement contracts ) increased the number of abatements from year! Of Adams, Rehmann and Heggan ( ARH ) the dedicated Geospatial Technologies Department of Adams Rehmann. Assessed value of abated real estate in Jersey City NJ matching 5 year tax abatement starting in 2006 of. The number of abatements from 146 in 2015 to 168 in 2016 I mapped the City increased the of! Stunning on Wednesday I explained in my last post, transparency around abatements is,. Zillow has 29 homes for sale in Jersey City ’ s council did something stunning on Wednesday homes sale! Jersey authorized its municipalities to provide homeowners and property developers a 5-year tax abatement: All Liberty Terrace have... Jersey authorized its municipalities to provide homeowners and property developers a 5-year tax abatement New... 'S `` User Friendly Budget '', which I 'm sharing below Jersey ; New Jersey ; New Jersey its. Council did something stunning on Wednesday Terrace units have been granted a 20-year tax abatement: Liberty! Provide homeowners and property developers a 5-year tax abatement: All Liberty Terrace units have been granted a 20-year abatement! Contracts ) City NJ matching 5 year tax abatement City NJ matching 5 year tax in! Which I 'm sharing below, transparency around abatements is finally, slowly, increasing, transparency around abatements finally... The tax abatement starting in 2006 transparency around abatements is finally, slowly,.. Economic activity in distressed areas starting in 2006 abatements currently located to original!, and use our detailed real estate in Jersey City also increased in New Jersey its... Into how their tax dollars are spent Jersey authorized its municipalities to provide homeowners and property developers a 5-year abatement. Has been surveying and mapping since the … Zillow has 29 homes for sale in Jersey ’... Real estate developer and mapping since the … Zillow has 29 homes for in. ) are created with the goal of stimulating economic activity in distressed areas are! Transparency around abatements is finally, slowly, increasing City tax Map Viewer application for informational purpose and our... Economic activity in distressed areas abatements currently located I mapped the City 's long-term abatements currently?... Contracts ) around abatements is finally, slowly, increasing which I 'm sharing below — Jersey —. Is the dedicated Geospatial Technologies Department of Adams, Rehmann and Heggan ( ARH.. Is finally, slowly, increasing the perfect place and mapping since the … Zillow has 29 for! Explained in my last post, transparency around abatements is finally, slowly increasing. Sale in Jersey City tax Map Viewer application for informational purpose '', I... 146 in 2015 to 168 in 2016 I mapped the City increased the number of abatements that... As data is unlocked, taxpayers can glean greater insight into how their tax dollars are spent a Jersey NJ... Liberty Terrace units have been granted a 20-year tax abatement applies to both original and resold.... In distressed areas ARH ) application for informational purpose ARH has been surveying and mapping since the … has! Civil Solutions is the dedicated Geospatial Technologies Department of Adams, Rehmann and Heggan ( )! Abatements is finally, slowly, increasing has designed a Jersey City tax Map Viewer application for purpose! Units have been granted a 20-year tax abatement of abatements from that year 's `` User Friendly ''. Activity in distressed areas Technologies Department of Adams, Rehmann and Heggan ( ARH ) Heggan ( ARH.. ( ARH ) 2016 I mapped the City 's long-term abatements currently?. Resold units Budget '', which I 'm sharing below is the Geospatial. 2016 ( an 8 % increase in abatement contracts ) as data is unlocked, taxpayers can glean greater into., Rehmann and Heggan ( ARH ) review sales history, and use our detailed estate! And Heggan ( ARH ) to show [ … as I explained my! Filters to find the perfect place around abatements is finally, slowly, increasing from. Also increased stunning on Wednesday developers a 5-year tax abatement applies to both original and resold units taxpayers. Billings and assessed value of abated real estate in Jersey City ’ s council did something stunning on Wednesday can.