SOUTH PLAINFIELD, NJ – The South Plainfield Borough Council approved tax appeal settlements of more than $623,000 at Tuesday evening’s council meeting. The main appeal was on the former Motorola property located on 1111 Durham Avenue. This tax appeal was for nearly $550,000.
Chief Financial Officer Glenn Cullen said, “This property was once valued at more than $46 million and this year sold for under $5 million.” Cullen indicated the borough would most likely need to borrow to pay these refunds at a later date.
South Plainfield resident Paul McCullen asked Mayor Anesh and members of the Council if the borough is considering a revaluation in an effort to stem these tax appeals. Mayor Anesh said ”everything is on the table at this point.” Councilman CJ Diana agreed that everything should be on the table regarding the tax appeals.
Anesh said, “Motorola is a unique situation. It is a large corporate center that decades ago may have been state of the art, but not in today’s world. The owners have been trying to find a buyer for years, but no one was willing to invest in that large facility.”
“There are a few more appeals on the horizon and the final figure will be closer to $800,000,” Cullen said.