Preparatory Training Institute v. City of Trenton

Quinn, President.

The City of Trenton assessed for local taxation for the year 1940 certain real property, possession of which has been exercised by petitioner under circumstances hereinafter related. The Mercer County Board of Taxation allowed a reduction in the assessed valuation of the property, but petitioner here seeks a cancellation of the assessment upon the ground that the property was owned by the state upon the assessing date, and is therefore exempt from local taxation, under R. S. 54:4-3.3; N. J. S. A. 54:4-3.3.

The property was purchased by petitioner from the Board of Education of…