Borough of Paramus v. Etaner Enterprises

CRABTREE, J.T.C.

Plaintiff moves for reconsideration of this court’s opinion of February 14, 1992, denying relief under the Correction of Errors statute, N.J.SA 54:51A-7, for 1987, 1988 and 1989. For the reasons hereinafter stated the motion will be granted.

The facts as established at the trial may be briefly summarized.

Plaintiff undertook a district-wide revaluation in 1986, effective in 1987. Defendant’s properly, a Lord & Taylor anchor store in *437the Fashion Center Mall, was valued by the revaluation firm at $11,827,000. A principal of the revaluation firm, Richard M. Chaiken, discussed the…