U.S. Life Realty Corp. v. Jackson Township

RIMM, J.T.C.

These two local property tax matters, both concerning the same properties and consolidated for trial purposes, involve assessments for the tax year 1985.1 The subject properties consist of Block 99, Lots 31 and 32, and Block 106, Lot 1. For the tax year 1985, the assessments were as follows:

Block 99, Lots 31 and 32 Block 106, Lot 1

Land $93,500 $281,690

Improvements —0— —0—

Total $93,500 $281,690.

The total assessment for the vacant land was therefore $375,-190.

The taxpayer, U.S. Life Realty Corp., was dissatisfied with the assessments and filed a petition with the Ocean County Board…