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.
| State: | New Jersey |
| Effected Jurisdiction: | Bergenfield Borough School District |
Jurisdiction type: | School District |
| Fiscal year ending In: | 2019 |
| Program name: | Long Term Tax Exemption (LTTE); New Jersey Housing and Mortgage Financing (NJHMFA) |
| Program purpose: | Affordable Housing |
| Statutory authority: | Long Term Tax Exempt Law (NJSA 40A:20 et. seq.); Senior Citizens Nonprofit Rental Housing Tax Law (NJSA 55:141-1) |
| Abating jurisdiction(s): | Borough of Bergenfield |
| Applicable taxes: | Property Tax |
| Method of abatement: | Payment In Lieu of Taxes (PILOT) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $248,670 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $248,670 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
