Bayonne residents likely to see annual tax increase of $218 per household

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The Bayonne City Council approved releasing estimated tax bills for the third quarter during last night’s special meeting, which will include an annual increase of $218 for the average resident.

A photo of the Bayonne City Council from June 22.
A photo of the Bayonne City Council from June 22.

By John Heinis/Hudson County View

According to Bayonne Chief Financial Officer Terrence Malloy, the city will see an average property tax increase of 2.27 percent in tax bills to residents. This is an annual increase of roughly $218 for the average Bayonne household.

The council  approved sending out tax bills to residents for the third quarter, beginning August 1. Residents have been given a two-week grace period.

“The projected tax bill will be close to our projected number but nothing is solidified,” 3rd Ward Councilman Gary La Pelusa said over the phone this morning. “I still have some personal cuts I want to address.”

La Pelusa did not get into the specifics about which cuts he would like to see made.

At a special meeting last week, the council approved entering negotiations with the Chicago-based equities firm William Blair & Company to sell off $27.9 million worth of assets the city had previously obtained from the Port Authority of New York and New Jersey.

Bayonne is still trying to fill a $15 million hole in their $135 million budget after a developer backed out of a Harbor Station South deal in April.