Reading Co. v. Township of Woodbridge

The opinion of the court was delivered by

Hall, J.

This railroad tax litigation involves the classification and valuation of real property of the Reading Company (“railroad”) in its Port Reading Terminal Yard in the Township of Woodbridge. The classification question — where the “main stem” should be located within the yard and thus what portion of the terminal property should be taxed as Class I railroad property and what portion as Class II* — concerns taxes for the years 1952 through 1958. The valuation question — -the true value and appropriate assessments of the Class II property within…