City of Hoboken, NJ
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2024-02-21
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Part II General Legislation
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Chapter 177 Taxation
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Article I Commercial and Industrial Improvement Projects
- Administrative Legislation
- Ch 1 General Provisions
- Ch 4 Administration, Department of
- Ch 5 Revenue and Finance, Department of
- Ch 6 Administrative Affairs
- Ch 7 Affordable Housing, Council on
- Ch 9 Alcoholic Beverage Control, Board of
- Ch 11 Assessor
- Ch 12 (Reserved)
- Ch 16 Budget Operations
- Ch 19 Clerks, Municipal
- Ch 20 Community Development, Department of
- Ch 20A Professional Services Contracts
- Ch 20B Land Use Applicant Contribution Disclosure Statements
- Ch 20C (Reserved)
- Ch 20D (Reserved)
- Ch 21 Court, Municipal
- Ch 23 Required Wage, Benefit and Leave Standards for Building Service Workers on Covered Development Projects
- Ch 25 Electronic Accessibility of Public Information
- Ch 26 (Reserved)
- Ch 28 Public Records
- Ch 29 Ethics
- Ch 29A Financial Disclosure Statements
- Ch 30 Gift Policy
- Ch 31 (Reserved)
- Ch 32 First Source Agreements
- Ch 33 (Reserved)
- Ch 34 Subdivision of Land
- Ch 34A (Reserved)
- Ch 35 Civic Green Buildings
- Ch 36 Cannabis Review Board
- Ch 36A Hoboken Municipal Hospital Authority
- Ch 37 Hoboken Redevelopment Agency
- Ch 38 Housing Authority
- Ch 39 Climate Action and Innovation, Department of
- Ch 42 Historic Preservation
- Ch 43 Self-Insurance Plan and Fund
- Ch 44 Land Use Procedures
- Ch 46 Public Property
- Ch 48 Library: Board of Trustees
- Ch 51 Mayor, Office of
- Ch 53 Nursing Service, Public Health
- Ch 54 Officers and Employees
- Ch 55 Open Space Trust Fund
- Ch 56 Transportation and Parking Utility
- Ch 56A Parklands
- Ch 57 Water Utility
- Ch 58 Parks, Recreation, and Public Works, Department of
- Ch 59 Police Department
- Ch 59A Public Safety, Department of
- Ch 60 Purchasing
- Ch 61 Rainforests, Protection of
- Ch 62 Shade Tree Commission
- Ch 63 Salaries and Compensation
- Ch 64 North Hudson Sewerage Authority
- Ch 64A Transportation and Parking, Department of
- Ch 65 Youth-Serving Organizations
- General Legislation
- Ch 65A Affordable Housing
- Ch 65B Development Fees
- Ch 66 Alarms
- Ch 68 Alcoholic Beverages
- Ch 68A Alcoholic Beverages: Temporary Provisions
- Ch 74 Amusement Devices; Vending Machines
- Ch 76 Asbestos and Dust Protection
- Ch 77 Auctioneers
- Ch 79 (Reserved)
- Ch 79A Building Demolition
- Ch 80 Buildings and Dwellings, Dangerous or Unfit
- Ch 83 Certificates of Occupancy; Certificates of Continued Occupancy
- Ch 85 Condominium Conversions
- Ch 86 Construction Codes, Uniform
- Ch 87 Crane Regulations
- Ch 89 Curfew; Civil Disturbances
- Ch 93 Dogs and Other Animals
- Ch 94 Drug-Free Zones
- Ch 95 Dwellings; Minimum Standards
- Ch 97 Filming
- Ch 98 Firearms
- Ch 99 Fire Insurance Liens
- Ch 101 Fire Prevention
- Ch 104 Flood Damage Prevention
- Ch 108 Games of Chance on Sundays
- Ch 110 Garbage, Rubbish and Litter
- Ch 113 Glue, Sale and Use of
- Ch 115 Health/Sanitary Code
- Ch 116 Heating of Buildings; Fuel Oil
- Ch 118 Horse Flesh
- Ch 120 Maintenance of Hotels and Multiple Dwellings
- Ch 125 Lead Paint
- Ch 128 Licenses
- Ch 133 Noise Control
- Ch 135 Nuclear-Free Zone
- Ch 136 Nuisances
- Ch 138 Outdoor Dining
- Ch 140 Parking Lots, Surface
- Ch 141 Parking Garages and Lots, Public
- Ch 141A Parking Permits
- Ch 145 Peace and Good Order
- Ch 146 Peddlers; Transient Merchants
- Ch 147 Mobile Retail Food Vendors
- Ch 148 Property Maintenance
- Ch 151 Recycling
- Ch 154 Rental Housing; Warehousing
- Ch 155 Rent Control
- Ch 158 (Reserved)
- Ch 160 Sales
- Ch 163 Sewers and Sewerage Disposal
- Ch 166 Stormwater Management
- Ch 168 Streets and Sidewalks
- Ch 168A (Reserved)
- Ch 171 Strike Employees
- Ch 177 Taxation
- Ch 177 Art I Commercial and Industrial Improvement Projects
- § 177-1 Authority to enter agreement for tax abatement; procedures.
- Ch 179 Special Improvement District
- Ch 179A Taxicabs
- Ch 180 Shuttle Buses
- Ch 180A Limousines
- Ch 183 Tattoo, Body Piercing, and Body Art Establishments
- Ch 184 Towing
- Ch 185 Body-Piercing Parlors
- Ch 187 Union Label, Use of
- Ch 190 Vehicles and Traffic
- Ch 191 Vehicles, Unregistered
- Ch 192 Parking for Persons With Disabilities
- Ch 193 Water
- Ch 194 Waterfront
- Ch 195 (Reserved)
- Ch 196 Zoning
- Ch 197 Government Energy Aggregation Program
- Ch 198 Third-Party Takeout and Delivery Service Fees
- Ch 199 Service Worker Retention
- Ch 201 Rebuild by Design Regulations
- Board of Health Legislation
- Ch 200 Board of Health Legislation
- Appendix
- Ch A260 Cable Television Franchise
- Ch A261 Mobile Digital Data Communications Systems
- Disposition List
- Ch DL Disposition List
[Adopted 9-5-1979 by Ord. No. C-127]
The Mayor and Council of the City of Hoboken may enter into
agreements with developers for tax abatement on commercial, industrial
or residential improvements or projects, pursuant to the provisions
of P.L. 1977, c. 12,[1] providing for the exemption from real property taxation
of improvements or projects for a period of five years. The following
procedures shall govern agreements for tax abatement entered into
by the Mayor and Council and developers:
A.
Improvements.
[Amended 1-2-1985 by Ord. No. 330]
(1)
All improvements, as defined in N.J.S.A. 54:4-3.96, shall be exempt
from local real property taxes only upon review, evaluation and approval
by resolution of the governing body on each individual application.
Application shall be upon the form approved by the Director of the
Division of Local Government Services, Department of Community Affairs.
(2)
Applicants shall apply for tax exemption on improvements prior to
the commencement of construction of the improvement, provided that
the applicant must file a proper application with the Tax Assessor,
within 60 days of the completion of the improvement, in order to be
eligible for tax exemption thereon.
(3)
Every properly completed application for exemption of one or more
improvements, which is filed within 60 days of the completion of the
improvement, shall be reviewed and decided by the governing body not
later than within 60 days of its filing.
B.
Projects.
(1)
Applicants for tax abatement on projects shall provide the Mayor
and Council with an application setting forth:
(a)
A general description of the project for which abatement is
sought.
(b)
A legal description of all real estate necessary for the project.
(c)
Plans, drawings and other documents as may be required by the
Mayor and Council to demonstrate the structure and design of the project.
(d)
A description of the number, classes and types of employees
to be employed at the project site within two years of completion
of the project.
(e)
A statement of the reasons for seeking tax abatement on the
project and a description of the benefits to be realized by the applicant,
if tax abatement is granted.
(f)
Estimates of the cost of completing such project.
(g)
A statement showing:
[1]
The real property taxes currently being assessed at the project
site.
[2]
Estimated tax payments that would be made annually by the applicant
on the project during the period of tax abatement.
[3]
Estimated tax payments that would be made by the applicant on
the project during the first full year following the termination of
the tax abatement agreement.
(h)
A description of any lease agreements between the applicant
and proposed users of the project and a history and description of
the user's business.
(i)
Such other pertinent information as the Mayor and Council may
require.
(2)
Upon approval of an ordinance authorizing an agreement for tax abatement
for a particular project, the Mayor and Council of the City of Hoboken
shall enter into a written agreement with the applicant for the abatement
of local real property taxes. The agreement shall provide for the
applicant to pay to the City of Hoboken, in lieu of full property
tax payments, an amount annually to be computed by using either of,
but not a combination of, the formulas set out in N.J.S.A. 54:4-3.102.
Such agreements may also provide for tax phase-in pursuant to Subsection
c of N.J.S.A. 54:4-3.101. All tax abatement agreements hereunder shall
be in effect for a period of not more than five years starting with
the date of completion of the project.
[1]
Editor's Note: See N.J.S.A. 54:4-3.95.
