Legal Opinion
New Jersey Foreign Trade Zone Venture v. Township of Mt. Olive
New Jersey Tax Court
Decided March 16, 1989PublishedCited by 4 opinions
1Opinion of the Court
LASSER, P.J.T.C.
Plaintiff contests the 1987 added assessment on real property located at 313 Waterloo Valley Road, Mt. Olive Township, Morris County, New Jersey, known as Block 460, Lot 1 on the tax map. The assessment in contest is $5,900,000, allocated for three months of 1987, or $1,475,000, the improvements having been completed in September 1987. Plaintiff does not contest the three-month allocation but does contest the $5,900,000 assessment on improvements.
*332The original 1987 assessment on Block 460, Lot 1 is $232,900. This is an assessment for land only, and the 1987 tax records show the…
2Cases cited3 opinions
- In Re the Appeals of Kents 2124 Atlantic Ave., Inc.Supreme Court of New Jersey · 1961
- Glen Wall Associates v. Township of WallSupreme Court of New Jersey · 1985
- 1125-1127 Clinton Avenue Associates v. Town of IrvingtonNew Jersey Tax Court · 1981
3Cited by4 opinions
- Foreign Trade Zone v. Mount Olive Tp.New Jersey Superior Court Appellate Division · 1990
- Otelsberg v. Bloomfield TownshipNew Jersey Tax Court · 1999
- National Westminster Bank New Jersey v. City of BrigantineNew Jersey Tax Court · 1991
- Van Orden v. Township of WyckoffNew Jersey Tax Court · 2005