Tax relief on home renovations in Belleville? It could be happening

July 16, 2020

Marc Pfeiffer, the assistant director of the Bloustein Local Government Research Center at Rutgers University, said the increase in taxes would go up about 20 percent a year.

Township attorney Steven Martino, who helped draft the resolution, said a resident would not see a tax increase in the first year following the improvement. After that, residents will pay 20 percent of the increase in the second year, 40 percent the third year, 60 percent the fourth year and 80 percent the fifth year. Following the fifth year, residents will pay 100 percent of the tax increase.

North Jersey.com, July 15, 2020

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