City of Newark v. Rockford Furniture Co.

The question to be decided is whether R.S. 54:3-26 applies to a situation of an added assessment made under and by virtue ofR.S. 54:4-63.1 et seq. We are convinced that it does apply.

The pertinent part of R.S. 54:3-26 provides:

"Where no appeal is taken to the Division of Tax Appeals in the State Department of Taxation and Finance to review the action or determination of the county board involving real property the judgment of the county board shall be conclusive and binding upon the municipal assessor and the taxing district for the assessment year, and for the two assessment years succeeding…