Legal Opinion
New Cumberland Corp. v. Borough of Roselle
New Jersey Tax Court
Decided September 11, 1981PublishedCited by 19 opinions
1Opinion of the Court
HOPKINS, J. T. C.
This case involves appeals from Union County Board of Taxation judgments affirming the assessments of industrial property designated as Block 192-A, Lot 24 — 46, in the taxing district of Roselle. Those assessments were as follows:
1977 1978
Land $115,000 $ 287,500
Improvements 413,000 868,500
Total $528,000 $1,156,000
Plaintiff’s position is that the subject property should properly be valued under the capitalization of income approach and that it should be considered as one economic unit with two nearby lots, having a total area of 30,000 square feet, since those lots, used for…
2Cases cited5 opinions
- City of New Brunswick v. State of New Jersey Division of Tax AppealsSupreme Court of New Jersey · 1963
- Aetna Life Insurance Co. v. City of NewarkSupreme Court of New Jersey · 1952
- Switz v. Township of MiddletownSupreme Court of New Jersey · 1957
- Samuel Hird & Sons, Inc. v. City of GarfieldNew Jersey Superior Court Appellate Division · 1965
- Lamm Associates v. Borough of West CaldwellNew Jersey Tax Court · 1980
3Cited by19 opinions
- F.M.C. Stores Co. v. Borough of Morris PlainsSupreme Court of New Jersey · 1985
- Ford Motor Co. v. Township of EdisonSupreme Court of New Jersey · 1992
- Glen Wall Associates v. Township of WallSupreme Court of New Jersey · 1985
- Warren Tp. v. SuffnessNew Jersey Superior Court Appellate Division · 1988
- M.I. Holdings, Inc. v. City of Jersey CityNew Jersey Tax Court · 1991
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