New Jersey Manufacturers Casualty Insurance v. City of Trenton

Quinn, President.

Petitioner is a stock insurance company, subject to taxation upon its personal property under R. S. 54:4-22; N. J. S. A. 54:4-22, as revised by the amendment thereof in Pamph. L. 1938, eh. 245. The respondent taxing district levied an assessment for the year 1941 of $496,100 upon the personalty of the petitioner. An appeal for the reduction thereof was dismissed by the Mercer County Board of Taxation. Hence this appeal. The statute, as amended, is as follows:

“Every stock insurance company organized under the laws of this state, other than a life insurance company, shall be…