Trustees of Stevens Institute of Technology v. State Board of Taxes & Assessment

The opinion of the court was delivered by

Black, J.

The certiorari in this case was allowed to review the taxes assessed against seven pieces of land, approximately eighteen and ninety-four hundredths acres, owned by the prosecutor, located in the city of Hoboken. The assessment was for the year 1927, aggregating $963,500. The only point involved in the ease is one of fact, viz., the true value of the property, on the date fixed by the statute for making the valuations, viz., October 1st, 1926.

The statute {Pamph. L. 1918, p. 870, § 512) permits the court, when it shall appear to the…