WHEREAS, an appeal of the real property tax assessment for tax year 2012, involving Block 911, Lot 19, has been filed by the Taxpayer, Santosh Rana; and
WHEREAS, the proposed Stipulation of Settlement, a copy of which is incorporated herein as if set forth at length, has been reviewed and recommended by the Township Tax Assessor and Township Tax Expert; and
WHEREAS, the settlement of said matter as more fully set forth below is in the best interest of the Township of Bloomfield.
NOW, THEREFORE, BE IT RESOLVED, by the Township of Bloomfield, New Jersey, as follows:
1. Settlement of the 2012 tax appeal is hereby authorized as follows:
27 Sampson Street
Block 911, Lot 19
Year: 2012
Original Assessment County Board Judgment Settlement Amount
Land: $114,000 N/A $114,000
Imprvts: $288,700 N/A $288,700
Total: $402,700 N/A $402,700
2. Taxpayer’s 2013 assessment has been set as follows:
27 Sampson Street
Block 911, Lot 19
Year: 2013
Original Assessment County Board Judgment Settlement Amount
Land: $114,000 N/A $114,000
Imprvts: $288,700 N/A $256,600
Total: $402,700 N/A $370,600
3. All municipal officials are hereby authorized to take whatever action may be necessary to implement the terms of this Resolution and authorizes the Special Tax Counsel to enter into the Stipulation of Settlement as provided by Taxpayer.