Nearly every community in New Jersey's Atlantic County will see a jump in taxes this year as part of an effort to return $12.5 million to Atlantic City for its successful tax appeals and to offset the millions in PILOT money Gov. Chris Christie promised the county yet never came about.
The Press of Atlantic City reports all but Atlantic City and Port Republic will face tax increases this year.
Atlantic City is an exception, the newspaper reports, because legislation on the PILOT program, which allows casinos to make installment payments of $120 million over a decade in lieu of property taxes, removed the gaming properties from the city's ratable base.
Among the unknowns is whether the city’s settlement with Borgata Hotel Casino & Spa, which cut the amount it owes to the casino by $93 million, will also reduce the county’s refund to Atlantic City, [county Administrator Jerry] DelRosso said.
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