Casino Reinvestment Development Authority v. City of Atlantic City

AXELRAD, J.T.C.

In this local property tax matter, the taxpayer, Casino Reinvestment Development Authority (“CRDA”), contests the assessments of two single family homes located at 217 Grammercy Place and 219 Grammercy Place, in the City of Atlantic City. The properties are more particularly identified on the Tax Map of the City of Atlantic City as Block 94, Lots 102.10 and 102.11, and are part of a thirty-nine unit residential subdivision known as “Madison Landing.” CRDA submits that the properties are exempt from taxation as “property of the Casino Reinvestment Development Authority” under…