Basf Corp. Coating & Ink Division v. Town of Belvidere

Plaintiff BASF filed separate appeals from three final judgments of the Tax Court, which affirmed defendant Belvidere’s revised assessment of its property applicable to the 2004 and 2005 tax years and reduced the municipality’s assessment for the 2006 tax year to $7,761,300. Plaintiffs only arguments in each of the three appeals are that the Tax Court erred in concluding that Belvidere could reassess its property without complying with the requirements of N.J.S.A. 54:4-23, as amended by Chapter 101 of the Laws of 2001, and that Belvidere’s reassessments were made in bad faith. Because…