Borough of Westville Regular Council Meeting Agenda Packet 2026-05-18
Tax abatement approved for PBM Real Estate housing project
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Description
Westville Council approved a tax abatement agreement with PBM REAL ESTATE LLC for two newly constructed twin residential dwellings at 18 and 22 Pine Street. The agreement provides local property tax relief under the borough’s residential tax abatement program.
Contract Details
Vendor
PBM REAL ESTATE LLC
Agency
Borough of Westville, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Five-year tax abatement (standard statutory term; specific schedule not stated)
Renewal Info
Standard five-year exemption/abatement under N.J.S.A. 40A:21-1 et seq.; future renewal beyond this term is not indicated.
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