Brae Associates v. Park Ridge Borough

This is a companion appeal to an appeal of six consolidated Tax Court cases filed by Park Ridge Borough under Docket No. A-4377-97 which we have decided in a separate opinion this date, 19 N.J.Tax 306. In that appeal, we affirmed the Tax Court judgments reducing the assessments for the real property owned by the taxpayer, Brae Associates c/o Hertz Realty, for the years 1990 through 1995. The property is located at 225 Brae Boulevard in Park Ridge and consists of 14.56 acres of land and a 226,568 square-foot building occupied exclusively by Hertz.

In this appeal, the taxpayer challenges the Tax…