PBM Real Estate Granted Pine Street Tax Abatement
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Description
Westville Council approved a tax abatement application from PBM REAL ESTATE LLC and authorized a written agreement covering new twin residential dwellings at 18 and 22 Pine Street. The action provides a multi‑year local property tax incentive under the borough’s existing abatement ordinance.
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 (implied by program) on 18 Pine Street and 22 Pine Street
Renewal Info
Standard five-year exemption/abatement program under N.J.S.A. 40A:21-1 et seq.; renewal beyond this term is not indicated and would require new action.
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Borough of Westville Regular Council Meeting Agenda Packet 2026-05-18
Borough of Westville Regular Council Meeting Agenda Packet 2026-05-18
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