When: Columbia Council meeting, Oct. 24.
What happened: Lancaster County-based Eberly Myers must pay the borough $31,790 in 2023 property taxes and will owe about $127,000 more through 2027 after council members unanimously denied the real estate developer's request for 100% or 50% in tax forgiveness.
Background: Eberly Myers unknowingly failed to complete its application for a now-ended tax-relief program on Riverview Terrace, an apartment project at 132 Locust St. The 33-unit complex, with two commercial renters, qualified for tax abatement through the state's Local Economic Revitalization Tax Assistance program, or LERTA.
The property: Eberly Myers developed Riverview Terrace and sold the complex to Roman Empire Holdings for $5.9 million July 6. Marines said the sales contract stipulated that the new owners would get the LERTA tax break.
More taxes owed: The real estate developer also is asking the Columbia Borough School District and Lancaster County for tax forgiveness. In total, Eberly Myers will owe about $600,000 through 2027 in taxes if no one grants abatement.
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The property: Eberly Myers developed Riverview Terrace and sold the complex to Roman Empire Holdings for $5.9 million July 6. Marines said the sales contract stipulated that the new owners would get the LERTA tax break.
More taxes owed: The real estate developer also is asking the Columbia Borough School District and Lancaster County for tax forgiveness. In total, Eberly Myers will owe about $600,000 through 2027 in taxes if no one grants abatement.
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