G & S Co. v. Borough of Eatontown

CRABTREE, J. T. C.

This is a local property tax case wherein plaintiff seeks review of judgments of the Monmouth County Board of Taxation affirming the assessment with respect to plaintiff’s property located on Tinton Avenue in Eatontown, New Jersey (Block 7, Lot 1) for the tax years 1976 through 1979. The assessment for those years was:

Land $ 378,000

Improvements 1,441,800

Total $1,819,800

The land consists of 8.14 acres, upon which a 2-story brick veneer garden apartment complex has been constructed. The complex contains 108 apartments (76 3 Vi room units, 32 4*/2 room units), with partial…