To Relieve Newark of Tax on Water Property
Newark, N. J., will have to pay taxes this year on assessments of about $400,000 on reservoir and pipe line property in Essex county because of a change made in the 1918 act for the assessment and collection of taxes which made taxable buildings and other improvements of one taxing district located in another taxing district. It is also probable that assessments will be levied on the city’s water property in Passaic, Morris and Sussex counties. The assessments levied on the city’s water property this year consist ol $300,000 for improvements at the t edar Grove reservoir and about $100,000 on the pipe lines in Bloomfield, Xutley and Belleville. The assessments in these places have been fixed approximately at $40,000, $.15,000 and $25,000. By the terms of a bill which was passed in the Senate Newark will be relieved of this burden next year, provided it passes in the House of Assembly. 1 lie bill in question is Senate 55, which will not become effective until 1920. It is a supplement to last year’s act for the assessment and collection of taxes, exempting all buildings and improvements on public water property from taxation, the same as it was prior to the 1918 act. It does not exempt the lands from taxation.