City of Newark v. General Motors Sales Corp.

Quinn, President.

The assessing authorities of the petitioner taxing district levied a personal property assessment against respondent, for the year 1938, in the sum of $80,000. The Essex County Board of Taxation reduced this valuation to the sum of $5,000, and the city appeals to restore the original assessment.

At the hearing respondent’s comptroller identified certain reports alleged to have been filed by respondent with the assessors of the city, purporting to set forth the company’s taxable property in the city, and its claim for exemptions, as follows:

*419At No. 554 Broad Street

Ca$h $6~.OO

Furn…