Wal-Mart Subsidies in Lumberton, NJ
Store Details
City Lumberton
State NJ
Address 1740 Route 38
ZIP code 08048
County Burlington
Type of Facility discount store
Year Opened 2001
Value of Subsidies $534,000

Wal-Mart received a property tax abatement for a discount store built in a redevelopment zone. The abatement phased in the assessed value of the discount store building at 20% per year over a five-year period. A city official estimated that Wal-Mart would have paid $246,000 per year in property taxes without the abatement, but instead paid only $68,000 in property taxes on the value of the land. We estimate the five-year savings to Wal-Mart at $534,000.

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