Metrostop: No tax increase for 20 years!

11/17/2008:

Hoboken411 reader estevens sent an email in depicting one reason why we have such apathetic voters in our city:

These residents won’t give a crap

“Here’s an example from an ad in this weekend’s paper showing why Payment in Lieu of Taxes (PILOTs) suck for the rest of Hoboken’s taxpayers:

A 20-year tax break for residents who won’t have to give a damn about city spending and won’t vote in local elections.

Reminder: this is the building (Metrostop) in which 5 lucky city workers will be able to buy in for $250K.”

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21 Comments on "Metrostop: No tax increase for 20 years!"

schroderr
Member
schroderr

That’s good. Don’t go after you local government. Go after people who just bought into your town and whose property value got dropped almost immediately. That should fix things.

krewedetat
Member
krewedetat

re: post #10 about NJ transit objecting to the building so close to the station and post #12 about the good windows: the irony is that the developer argued that the building would make the station safer because it would have “eyes on the street” from the building occupants. Ha! the same building occupants who can’t hear the train horn are going to respond to any type of commotion at the station?

Let’s also not forget that this lot had been identified by the Master Plan as potential open space. That’s lost, and it opened the door for every lot from there going north to 16th St to be developed similarly. All with PILOTS.

plaintruthiness
Member
plaintruthiness

If it was valuated/appraised during the last fiscal year, why shouldn’t they pay for the back year’s taxes? We’re paying more for the year’s back taxes? If was valuated this current fiscal year and sold this fiscal year, why shouldn’t they pay the current tax rate, set for 20 years…or are they paying an average HIGHER tax rate than us regular taxpayers to cover the expected increases of the 20 year life-span of the abatement? I know these are dumb questions, but we dumb taxpayers want answers.

elainetyger
Member
elainetyger

Ahh… Sorry Mr. Geibel, I didn’t read the fine print.

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