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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateNew Jersey
Effected JurisdictionToms River Township
Jurisdiction type: Municipality
Fiscal year ending In2016
Program nameNJ Housing and Mortgage Fin Act
Program purpose: Housing
Statutory authority: New Jersey Housing and Mortgage Financing Act Law of 1983, N.J.S.A. 55:14K-1
Abating jurisdiction(s): Toms River Township
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $564,563
Reimbursement / offset: $0
Net revenue loss: $564,563
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://tomsrivertownship.com/178/Finance