NEWARK RENT CONTROL BOARD TAX SURCHARGE APPLICATION

NEWARK RENT CONTROL BOARD TAX SURCHARGE APPLICATION

EXPLANATION OF TAX SURCHARGE SECTION 5-TAX SURCHARGE A landlord may seek a tax surcharge from a tenant because of an increase in municipal property taxes. The tax surcharge shall not exceed that amount authorized by the following provision: The landlord shall divide the increase in the present property tax over the property tax of the previous year by the total number of rooms in the dwelling, whether occupied or unoccupied, and surcharge each tenant by the sum per room times the number of room in the tenant s dwelling unit. The tenant shall not be liable for a tax surcharge exceeding the tenant s percentage of the entire rent roll for the dwelling. Any landlord seeking a surcharge shall petition the board for approval and shall give notice to the tenant and the board at least thirty (30) days prior to the increase sought of the calculations involved in computing the tax surcharge including the present property tax for the dwelling, the property tax for the dwelling for the previous year, (a) total rent roll of all units, occupied and unoccupied in the dwelling, (b) the percentage of the increase over the total rent roll, (c) the rent of the tenants and the percentage of his present rent compared to the total rent roll. The tax surcharge each tenant is liable for shall be paid in equal monthly payments only after the landlord gives the tenant one month prior notice of the increase as required by statute.

INSTRUCTIONS FOR TAX SURCHARGE APPLICATION 1. NAME OF OWNER (S): Indicate owner(s) name. 2. PROPERTY OWNER (S) ADDRESS: Indicate owner(s) address, including city, state, zip code and telephone number. 3. ADDRESS OF PROPERTY: Include here the address that the owner is requesting a Tax Rebate for. Also indicate Block and Lot numbers. 4. NAME AND TELEPHONE NUMBER OF MANAGER OR SUPERINTENDENT: Include name and telephone number of the company or person in charge of management and/or superintendent of the building. 5. PROPERTY DESCRIPTION: TOTAL #. OF APARTMENTS: Include all apartments vacant, occupied, or used by owner, a relative, janitor or other persons either rent free or at a reduced rental. TOTAL #. OF COMMERCIALS: Include all commercial units. 6. ANNUAL REAL ESTATE TAXES: a. SUBJECT ANNUAL REAL ESTATE TAXES Indicate the amount of your taxes for the subject year in which the taxes were increased. b. PREVIOUS ANNUAL REAL ESTATE TAXES: Indicate the amount of taxes for the year prior to the increase. c. ANNUAL TAX INCREASE AMOUNT: Indicate the difference between (a) and (b). 7. MONTHLY TAX SURCHARGE AMOUNT: Indicate the amount produced after dividing (c) by 12 8. TAXES IN ARREARS: Indicate if there are any taxes owed for the years under consideration.

9. ATTACHED IS WORKSHEET FOR ITEMIZED LISTING: a. Column 1: Please enter all tenants names. Indicate apartments if apartments are vacant or occupied by superintendent. b. Column 2: Indicate apartment numbers. c. Column 3. Please enter present rent for each tenant. At the end of rent roll list, enter rent roll total. d. Column 4. Please enter the percentage factor which can be arrived at by dividing the individual rent by the total rent roll. e. Column 5: To obtain the monthly increase, multiply the individual rent by the percentage factor. f. Column 6: The new rent is arrived at by adding the individual rent with the monthly increase amount allowed.

TAX SURCHARGE APPLICATION DATE: 1. NAME OF OWNER(S) 2. ADDRESS: CITY STATE ZIP CODE TELEPHONE NUMBER: ( ) 3. PROPERTY LOCATION: BLOCK # LOT # 4. NAME OF MANAGER OR SUPERINTENDENT: TELEPHONE NO.: ( ) 5. PROPERTY DESCRIPTION: TOTAL NUMBER OF APARTMENTS: TOTAL NUMBER OF COMMERCIALS: 6. (A) SUBJECT ANNUAL REAL ESTATE TAXES: 20 $ (B) PREVIOUS ANNUAL REAL ESTATE TAXES: 20 (C) ANNUAL TAX INCREASE: $ $ 7. MONTHLY TAX SURCHARGE AMOUNT $ TENANT S PORTION OF TAX DEDUCTION: $ 8. AMOUNT OF CURRENT TAXES IN ARREARS: $ PLEASE SUBMIT TAX BILLS FOR THE TWO YEARS REFERENCED ABOUT ATTACHED IS A WORKSHEET FOR ITEMIZED LISTING OF TENANTS, CURRENT RENT, AND OTHER INFORMATION Landlord Signature

TAX SURCHARGE RENT ROLL Page 2 % FACTOR: THE FACTOR IS THE SAME FOR ALL TENANTS. IT CAN BE ARRIVED AT BY DIVIDING THE MONTHLY SURCHARGE AMOUNT BY THE TOTAL MONTHLY RENT ROLL. THE FACTOR MULTIPLIED BY THE INDIVIDUAL RENT EQUALS THE MONTHLY INCREASE FOR EACH TENANT. TENANT INFORMATION (1) TENANT S FULL NAME (2) APT. NO. (3) PRESENT RENT (4) % OF RENT ROLL (T RENT RR) (5) MONTHLY INCREASE AMOUNT (T RENT X %FACTOR) (6) NEW RENT (T RENT+ MTH. INC.) T = TENANT R = RENT RR = RENT ROLL % = PERCENTAGE MTH INC = MONTHLY INCREASE