City of Newark v. Household Finance Corp.

Quinn, President.

The petitioner taxing district levied for the year 1938 an assessment for personal property taxes upon respondent in the sum of $197,400. Upon appeal to the Essex County Board of Taxation, the assessment was reduced to the sum of $10,000, and the taxing district now prays, before this board, for a restoration of the levy as originally made.

Respondent is a Delaware corporation, with executive offices in Chicago, Illinois, and is engaged in the city of Newark, as well as elsewhere, in the “small loan” business, operating in that taxing district from three local offices. Erom…