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Updated over 7 years ago,
Jersey City Tax Abatement/market rate housing fee question
I recently purchased a 3 family in the Journal Square. My understanding was that there was a tax abatement since it was new construction. I found out upon going to the tax collectors office that the application for the 5 year tax abatement was filed by the builder, but the Market Rate Housing fee was not paid. JC requires $1500 per unit is given to the affordable housing trust fund.
My question is who is responsible for the $4500, the buyer or the builder/developer? Of course the developer feels it is my responsibility and I feel it is his. Anyone have insight on this?