Elizabeth Center Apartments Urban-Renewal Corp. v. City of Elizabeth

In these two appeals1, defendant City of Elizabeth (City) challenges two judgments entered by the Tax Court fixing the assessed value of plaintiff Elizabeth Center Apartments Urban Renewal Corporation’s (Center) cooperative apartment building *282for the years 2006 and 2007. In its two judgments, the court reduced the City’s assessment from $1.3 million for each year to $690,000 for 2006 and $590,000 for 2007. We affirm those determinations substantially for the reasons stated in Judge Mary Siobhan Brennan’s thorough and well-reasoned opinion reported at 27 N.J.Tax 196 (Tax 2013).

The Center is an…