Venture 17 v. Hasbrouck Heights

ANDRESINI, J.T.C.

This is the court’s opinion after trial in the above-referenced matter challenging the assessment on plaintiffs property for the 2009 tax year. For the reasons set forth in this opinion, the assessment will be reduced.

I. Procedural History and Findings of Fact

Venture 17, LLC (“plaintiff’) is the owner of a multi-tenant office building located in Hasbrouck Heights (“defendant”). The property is designated by Hasbrouck Heights as Block 127.02, Lot 1 (“subject property”). For tax year 2009 the subject property was assessed as follows:

*114Land:_$1,611,300

Improvements: $2,903,600

Total:…