Tax Information And Guide

Tax Software Most borough officials view age-restricted housing as a favorable source of "pure" tax revenue for the Highlands community, one that won't crowd schools with more students.

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Software Tax That's why the Borough Council wants to rezone Springbrook Acres Farm, a horse farm off Union Avenue that the owner desperately wants to sell. Existing zoning allows for 160 units of single-family development, or as some interpret it, hundreds of new schoolchildren.

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Every Landlord Tax Deduction Only people 55 and older would be allowed if the property is rezoned. Such development also would generate about $3.1 million a year in tax revenue, satisfy the borough's obligation to encourage low- and moderate-income housing, and provide the town with free land to build a library or civic center.

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Tax Help So why not allow 400 units? That's the reasoning borough officials are offering in backing an ordinance to rezone the horse farm, 104 acres of woodlands and rolling pastures.

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Help Tax The main counterargument so far has come from Highlands environmental groups and local residents opposed to the proposal as a precedent that will open the gate to other massive housing projects.

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Ernst Ernst Guide Guide Tax The ordinance is scheduled for adoption May 6.

Tax Return A second hearing on the measure was Tuesday night. Borough officials told the audience that residential development is inevitable, but that rezoning the property was a way to take the initiative.

Return Tax "Senior housing is usually looked at as pure revenue because it produces a ratable without placing a drain on our current services," tax assessor Brian Townsend said.

Guide Guide Master Master Tax Townsend estimated that the owner of a home assessed at $146,000 - the borough's average - could see a $900 reduction in property taxes.

Tax Preparation Environmentalists, however, argue that rezoning the property to allow more than twice as many units could lead to a lawsuit.

Preparation Tax For the last four years, the Planning Board has been in prolonged review of an application to build 360 town houses on historic Federal Hill. If the borough changes the zoning on the horse farm - which is across the street - it could prompt the developer to sue on the basis of fairness.

Employer Tax Guide "The community has to provide a level playing field" said Ross Kushner, a Kinnelon resident who heads the Pequannock River Coalition. "This [proposal] is an excuse for high density, it's not a reason."

Tax Services Borough officials did not address the application to develop 179 acres of Federal Hill. However, they denied several times that the proposed rezoning was "high density" - more than 15 units per acre. The proposal allows for four units per acre, which falls under the "low-density" category.

Services Tax Last week, the six-member council introduced the rezoning ordinance in a 3-1 vote. Two council members who live near the horse farm abstained.

Master Tax Guide The lone opponent is Councilwoman Sue Smith, who drew criticism Tuesday from a resident who accused her of opposing lower property taxes.

Tax Attorney "There are a lot of closed sessions that go on," Smith responded. "There's a lot of information I'm privy to that you're not."

Attorney Tax Smith didn't go into detail. She did say the information came from borough attorneys and had to do with regulations set forth by the Council on Affordable Housing and a conflict with the Office of Smart Growth.

Guide Law Tax COAH oversees community compliance with fair-housing court mandates. The Office of Smart Growth oversees planning in the state with an eye toward orderly growth.

Tax Accountant At the end of the hearing, Mayor Craig Ollenschleger suggested that a committee meet with the two state panels before adopting the ordinance. He named two borough officials, himself, and two council members who support rezoning.

Accountant Tax Smith, who has been communicating with the Office of Smart Growth for months on the issue, asked to be included. The mayor, who has clashed with Smith in the past, denied her request. He said he had named "a list of people that I trust to represent the borough's interests."

Circular Employer Tax Guide The decision infuriated the audience, prompting some to shout names at the mayor.

Income Tax By Tara Kane
Bergen Record - 4/3/2003

Topic: Highlands

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