Town of Kearny v. Division of Tax Appeals

The opinion of the court was delivered by

Francis, J.

The Equalization Table promulgated by the Director of the Division of Taxation on October 1, 1959, under N. J. S. A. 54:1-35.1, fixed the average ratio of assessed value to true value of real property in the Town of Kearny at 33.87%. As the result of additional information submitted by Kearny, it was increased to 34.81% and the latter ratio was used as the basis for distribution of the 1960 state school aid to Kearny pursuant to N. J. S. A. 18:10-29.33. The mode of establishing this table and the nature and effect of its use have been fully…