Legal Opinion
MSGW Real Estate Fund, LLC v. Mountain Lakes Borough
New Jersey Tax Court
Decided May 21, 1999PublishedCited by 2 opinions
1Opinion of the CourtKuskin, J.
In MSGW Real Estate Fund, LLC v. Mountain Lakes Bor., 18 N.J.Tax 364 (Tax 1998), this court determined, after the trial of appeals filed by plaintiff with respect to the 1997 and 1998 local *97property tax assessments on its property in the Borough of Mountain Lakes, that the value of the property was $8,900,000 for tax year 1997 and $9,900,000 for tax year 1998. Application of the appropriate ratios under N.J.S.A. 54:1-35(a) and N.J.S.A. 54:51A-6 (Chapter 123) produced assessments of $8,756,700 for 1997 and $9,623,800 for 1998, and judgments in those amounts were entered on February 19, 1999.…
2Cases cited12 opinions
- Riverview Gardens, Section One, Inc. v. Borough of North ArlingtonSupreme Court of New Jersey · 1952
- Murnick v. City of Asbury ParkSupreme Court of New Jersey · 1984
- City of Newark v. FischerSupreme Court of New Jersey · 1951
- MSGW Real Estate Fund, LLC v. Borough of Mountain LakesNew Jersey Tax Court · 1998
- Murnick v. Asbury ParkNew Jersey Superior Court Appellate Division · 1982
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3Cited by2 opinions
- Seventeen Thirty Corp. v. Director, New Jersey Division of TaxationNew Jersey Tax Court · 1999
- Brae Assoc. v. Park Ridge BoroughNew Jersey Tax Court · 2003