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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 JurisdictionEdgewater Park Township School District
Jurisdiction type: School District
Fiscal year ending In2019
Program nameFive-Year Exemption and Abatement
Program purpose: Construction/rehabilitation
Statutory authority: New Jersey Five-Year Exemption and Abatement Law, N.J.S.A 40A:21 (the "Law")
Abating jurisdiction(s): Township of Edgewater Park
Applicable taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: (not specified)
Gross revenue loss: $740,078
Reimbursement / offset: $0
Net revenue loss: $740,078
Type of loss: Passive
Additional notes on dislosure(none)