Standard Oil Co. v. City of Atlantic City

Quinn, President.

Petitioner is the owner of certain land and buildings constituting an oil storage plant in the respondent taxing district, assessed for taxes for the year 1938 at *583land, $4,500; improvements, $108,650; total, $113,150. Its appeal to the Atlantic County Board of Taxation for a reduction in the assessment was dismissed. At the hearing herein the land appeal was withdrawn, so that the present issue is confined to the true value of the improvements. A subsidiary question raised is as to whether certain oil storage tanks on the premises, together with piping, constitute…