Borough of Fort Lee v. Invesco Holding Corp.

The Defendant-taxpayer appeals from a judgment of the Tax Court ordering the entry of an added municipal assessment for the tax year 1973 against certain land and improvements in Fort Lee referred to as The Colony apartment property. Judge *257Hopkins, the judge of the Tax Court who heard the matter on a 1979 remand by this court, found the true value of the subject property “as of March 1, 1973 when it was substantially completed, [to be] $23,490,000.” The finding is supported by ample credible evidence in the record and was made in accord with well established principles of real property…