Orient Way Corp. v. Township of Lyndhurst

DeALMEIDA, P.J.T.C.

This is the court’s opinion after trial in the above-referenced matters. At issue is the valuation for local property tax purposes of real property that suffers from environmental contamination. For the reasons stated more fully below, the assessments on the property for tax years 2006,2007 and 2008 are reduced.

I. Findings of Fact

The court makes the following findings of fact based on the testimony and documents admitted as evidence.

During the tax years in question, plaintiff Red Roe Realty, LLC was the owner of real property in defendant Lyndhurst Township. The parcel is…