Tax Appeals In New Providence Has Town Dipping Into Reserves

From The Independent Press:

Among the issues the New Providence Borough Council discussed at its June 25 meeting was a multi-million dollar reassessment of a property in the borough.

Council President Michael Genarro gave a run down on a tax appeal settlement for 41 Spring Street LLC. No information was available on the owners of 41 Spring Street LLC.

NEW PROVIDENCE There were appeals from 2008 through 2012, but the 2008 and 2010 appeals were withdrawn and the 2009 appeal was dismissed, he told the council….

More at New Providence dips into reserve for tax appeals after multimillion dollar … – Independent Press – NJ.com

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