Landlords deal with leaky faucets, rodents, bed bugs, HVAC issues, and of course, taxes. But resident William Dorrity believes that the city should take a closer look at subsidized housing rental increases as well as rent-controlled apartments in which landlords are tax exempt.
“My landlord pays no taxes and is not subject to rent control rules. That’s a huge revenue loss for Jersey City,” Dorrity told the City Council at the May 21 regular meeting.
Dorrity lives at the senior citizens building at 3060 Kennedy Blvd. The property owners, Grant View Terrace, paid $166,469 last year in lieu of taxes for the 284-unit building, according to the tax assessor’s office. The property is assessed at $3,227,000. The average property tax in the city is $5,185, based on assessed value of $93,400.
The Grant View Terrace property is not rent-controlled, however, because it is subsidized housing.
“Rent is based on income levels,” said Charles Odei, Office of Tenant and Landlord Relations, in a phone conversation.
If the senior citizens building were rent-controlled, the law is different than if there’s tax exemption, according to Borough Administrator Brian O’Reilly.
“If it’s not subject to rent control, and they’re increasing rent, we should get taxes. I will review it,” he said.
Additionally, a bed bug issue in the building was resolved two years ago, he added.
However, Dorrity noted that bed bug legislation adopted by the city had a clause that waived tenants’ rights, in some instances, and the ordinance would need rewording.
He also objected to the 5-year lease agreement for the Historic Loews Theatre. “Loews, LLC claims to be non-profit. It’s not,” he said.