Russo v. Borough of Carlstadt

KAHN, J.T.C.

This is the court’s determination with respect to plaintiff taxpayer’s appeal of the municipality’s assessment on the subject property for tax years 1993, 1994, 1995 and 1996. Tax year 1993 was a revaluation year, and the relevant Chapter 123 ratios (N.J.S.A. 54:l-35a) were as follows:

Year Ratio

1993 100% (revaluation year)

1994 87.27%

1995 87.70%

1996 87.57%

The subject property in the Borough of Carlstadt involves individual municipal tax lots, Block 131, Lots 9.0 (5.949 acres), 9.01 (7.973 acres) and 9.02. (5.58 acres), formally known as Block 131.1, Lots 66, 66.01, 66.02,…