Tax abatement ordinance up for renewal
Matter may be decided at next council meeting
By Asbury Park Sun
A city ordinance that allows property owners to apply for tax abatements for improvements made to existing structures and new construction throughout the city expires at the end of this year. Under the state’s five year abatement and exemption law, cities that qualify may adopt an ordinance to provide local property tax abatement or exemptions. […]
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Dec 13, 2013