Ocean Pines, Ltd. v. Borough of Point Pleasant

The opinion of the Court was delivered by

CLIFFORD, J.

This appeal invites interpretation of N.J.S.A. 54:4-34, which limits the right to appeal the valuation of income-producing properties. Plaintiff’s efforts to appeal the assessment of its property under the cited statute were rejected by the Ocean County Board of Taxation and the Tax Court. The Appellate Division reversed the order of dismissal and “remanded to the Tax Court for the consideration of the claim of unreasonableness * * * cognizable under N.J.S.A. 54:4-34.” Ocean Pines, Ltd. v. Borough of Point Pleasant, 213 N.J.Super. 351, 356…