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Deals Made to Keep Roche (RHHBY) Taxes Stable


8/27/2012 7:48:18 AM

Roche, which will close its Nut­ley- Clifton campus in 2013, has struck an agreement with Nutley to maintain its property tax bill un­til 2013 by deferring a planned building demolition, and has agreed to keep the company’s Clifton tax bill stable also, the pharmaceutical company said Fri­day. If the demolition had gone ahead, the company’s Nutley property tax bill of $9 million would have fallen, because state law requires it to be assessed on the structures there, said Darien Wilson, a spokeswoman for Roche, on Friday.

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