City of South Amboy v. Karpowicz

SUNDAR, J.T.C.

Plaintiff (“City”) appeals the judgments of the Middlesex County Board of Taxation (“County Board”) which reversed the City’s omitted assessments placed only on the value of the improvement on defendants’ (“Taxpayers”) property, a two-family home, for tax years 2010 and 2011. For tax year 2007, the County Board had, in a regular’ tax appeal by the Taxpayers, reduced the value of the fire-damaged home from $164,900 to $0 but affirmed the land value of $86,500. These values continued for 2008 and 2009 due to the Freeze Act. For tax years 2010, and 2011, the same values continued…