Tall Timbers, Inc. v. Vernon Township

LASSER, P.J.T.C.

Taxpayers contest the 1979 assessments on their parcels of vacant land (campsites) in a condominium campground community known as Tall Timbers, located on Route 564 in Vernon Township, Sussex County, New Jersey. These taxpayers are Tall Timbers, Inc., the condominium campsite developer, and *302individuals who purchased their campsites from Tall Timbers, Inc. In 1974 Tall Timbers, Inc. entered into an agreement to purchase, and in 1975 purchased, the campground for $1,100,000. At the time of the purchase the property was rezoned as a “seasonal recreation” zone.

Each parcel is…