American Cyanamid Co. v. Township of Wayne

This appeal relates to 1996 assessment of .four lots in Wayne, New Jersey, formerly used as the corporate headquarters for the plaintiff corporation. Plaintiff only appeals assessments placed on three of the lots, specifically, Lots 1, 2, and 3 in Block 3703. American Home Products bought out plaintiff in 1994. Use of the property gradually declined thereafter and by 1996 the property was vacant.

*47The factual background of this matter is fully set forth in Judge Kuskin’s opinion reported at 17 N.J. Tax 542 (Tax 1998). Plaintiff sought a reduction in the local property assessments. The aggregate…