Shelton College v. Borough of Ringwood

This appeal seeks an adjudication that the appellant is entitled to exemption from taxation for a part of the tax year 1954 of certain property upon which it operates a college but to which it did not obtain title until February 16, 1954. Appellant was organized as a New Jersey corporation February 3, 1954. The Division of Tax Appeals held against the exemption on the ground that the claimant was not in ownership of the property on October 1, 1953, relying upon Jabert Operating Corp. v. City of Newark, 16 N. J. Super. 505 (App. Div. 1951). Appellant asks that the cited case be declared…