City of Newark Meeting Agenda 2026-06-17
Major 2024 Tax Appeal Settlement on McCarter Highway
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Description
The Municipal Council approved a significant 2024 tax appeal settlement with SPG 2013 McCarter Hwy Urban Renewal, LLC for 2013-2075 McCarter Highway, granting a $1,392,780.30 property tax refund/credit.
Contract Details
Contract Amount
-$1,392,780.30 (tax refund/credit)
Vendor
SPG 2013 MCCARTER HWY URBAN RENEWAL LLC
Agency
City of Newark, NJ
Contract Type
OTHER
Document Date
June 17, 2026
Contract Term
Tax year 2024 for Block 825 Lot 1
Renewal Info
One-time settlement relating to the 2024 tax year.
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