Brick's township council on Tuesday night voted unanimously to accept the donation of a bayfront lot from its owner, Mae M. Maxwell.
The lot, located in the township's Seawood Harbor section, is considered wetlands and cannot be developed.
Business Administrator Scott Pezarras said the township only generates about $300 per year in tax revenue from the lot, and accepting it as a gift would be an easier prospect than foreclosing on it if its owner decided to stop paying property taxes.
"The cheaper option is to accept the gift," Pezarras said at a workshop meeting where the acceptance of the gift was discussed.
The township receives around $300 per year out of a total $1,200 tax bill.
The acceptance of the lot does come with benefits, officials said.
There are no restrictions on the deed aside from the wetlands issue, so it could be used in conjunction with a future Green Acres proposal, explained Councilwoman Susan Lydecker.