Legal Opinion
1530 Owners Corp. v. Borough of Fort Lee
Supreme Court of New Jersey
Decided May 11, 1994PublishedCited by 12 opinions
1Opinion of the Court
The opinion of the Court was delivered by
HANDLER, J.
In this local property tax matter, the owner of a multi-unit highrise cooperative building challenges the 1987 tax assessment on its property as discriminatory. Under current standards governing real-property taxation, if the ratio of assessed value to market value of an individual property exceeds the “average ratio” for the taxing district by more than fifteen percent, the tax on the property must be adjusted by reducing the assessed value through the application of the average ratio.
The Director of the Division of Taxation promulgates the…
2Cases cited6 opinions
- Aetna Life Insurance Co. v. City of NewarkSupreme Court of New Jersey · 1952
- Pantasote Co. v. City of PassaicSupreme Court of New Jersey · 1985
- Murnick v. City of Asbury ParkSupreme Court of New Jersey · 1984
- Town of Kearny v. Division of Tax AppealsSupreme Court of New Jersey · 1961
- Harper-Lawrence v. United Merchants and ManufacturersSupreme Court of New Jersey · 1993
1 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- 125 Monitor Street LLC v. Jersey CityNew Jersey Tax Court · 2004
- Caulfield v. Surf City BoroughNew Jersey Tax Court · 1994
- City of Atlantic v. Director, Division of TaxationNew Jersey Tax Court · 2008
- Township of Jefferson v. DirectorNew Jersey Tax Court · 2011
- Bellemead Development Corp. v. Borough of RoselandNew Jersey Tax Court · 1997
7 more not listed; retrieve them via the Exa API.