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Updated over 7 years ago,

User Stats

33
Posts
21
Votes
Steven O'Leary
  • Rental Property Investor
  • Jersey City, NJ
21
Votes |
33
Posts

Jersey City Tax Abatement/market rate housing fee question

Steven O'Leary
  • Rental Property Investor
  • Jersey City, NJ
Posted

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?

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