RSS
Robbinsville to cut property taxes because of Amazon warehouse
Robbinsville residents will get a little bit of a windfall in their taxes next year, thanks to plans to build a warehouse for Internet commerce giant Amazon in the township.
The cut, actually at .02 cents for each $100 of assessed value on a home, will be announced at the 7:30 Thursday budget presentation. Robbinsville residents will have a tax rate of 52.3 cents on each $100 of assessed home value. Homes valued at about $380,000 would see a drop of $76 in their taxes.
Mayor Dave Freid said the deal with Amazon, which brings in more than half a million a year to the town's more than $21 million budget, allowed them to make the tax cut.
"Robbinsville has become a vital economic engine in Mercer County and everyone in our town will reap the benefit of reducing taxes, trimming our debt and still maintaining a high level of service. This is a responsible budget that lives up to the promises we have made. It is a budget that not only provides relief this year, but also lays the groundwork for possible stabilization in 2014. It is a budget that focuses on our strengths, our needs and invests in the future of our Township in 2013 and beyond," he said in a release announcing the budget.
The warehouse, which will employ more than 1,400 people when finished, covers more than a million square feet and is projected to open in early 2014. Township and county officials are also looking at reworking some of the county's public transportation to accommodate the influx of people.
Robbinsville spokesman John Nalbone, in announcing the deal in January, said it will bring in about $22.1 million in tax revenue for the township, school district and Mercer County. The site, at the Matrix Business Park off of turnpike exit 7A, is the first of two planned warehouses for Amazon in New Jersey.
The cut, actually at .02 cents for each $100 of assessed value on a home, will be announced at the 7:30 Thursday budget presentation. Robbinsville residents will have a tax rate of 52.3 cents on each $100 of assessed home value. Homes valued at about $380,000 would see a drop of $76 in their taxes.
Mayor Dave Freid said the deal with Amazon, which brings in more than half a million a year to the town's more than $21 million budget, allowed them to make the tax cut.
"Robbinsville has become a vital economic engine in Mercer County and everyone in our town will reap the benefit of reducing taxes, trimming our debt and still maintaining a high level of service. This is a responsible budget that lives up to the promises we have made. It is a budget that not only provides relief this year, but also lays the groundwork for possible stabilization in 2014. It is a budget that focuses on our strengths, our needs and invests in the future of our Township in 2013 and beyond," he said in a release announcing the budget.
The warehouse, which will employ more than 1,400 people when finished, covers more than a million square feet and is projected to open in early 2014. Township and county officials are also looking at reworking some of the county's public transportation to accommodate the influx of people.
Robbinsville spokesman John Nalbone, in announcing the deal in January, said it will bring in about $22.1 million in tax revenue for the township, school district and Mercer County. The site, at the Matrix Business Park off of turnpike exit 7A, is the first of two planned warehouses for Amazon in New Jersey.
Amazon will start collecting sales tax from New Jersey residents in July after reaching a deal with the state. The company previously did not collect the taxes because it did not have a physical presence in the state, which local merchants have argued gave the Internet giant a competitive advantage.
posted by Unknown at
1:09 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home