Legal Opinion
Best Foods v. Englewood Cliffs Borough
New Jersey Tax Court
Decided January 25, 2001PublishedCited by 3 opinions
1Opinion of the Court
PIZZUTO, J.T.C.
This local property tax case concerns the corporate headquarters of Best Foods (formerly known as CPC International, Inc.) at 680-700 Sylvan Avenue (Block 808, Lots 7 & 9) in Englewood Cliffs Borough. At issue is the 1998 assessment in the aggregate amount of $35,022,770. Plaintiff contends the property had a value on the relevant assessment date (October 1, 1997) of $15,000,000, while defendant contends the value on that date was $42,500,000. The average ratio of assessment to true value determined by the Director of the Division of Taxation for use under N.J.S.A. 54:51A-6…
2Cases cited8 opinions
- CPC Int'l, Inc. v. Bor. of Englewood CliffsNew Jersey Superior Court Appellate Division · 1984
- American Cyanamid Co. v. Wayne TownshipNew Jersey Tax Court · 1998
- Beneficial Facilities Corp. v. Peapack & Gladstone BoroughNew Jersey Tax Court · 1990
- American Cyanamid Co. v. Township of WayneNew Jersey Superior Court Appellate Division · 2000
- Beneficial Facilities Corp. v. Borough of Peapack & GladstoneNew Jersey Superior Court Appellate Division · 1992
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3Cited by3 opinions
- Teller v. TellerHawaii Supreme Court · 2002
- Westwood Lanes, Inc. v. Garwood BoroughNew Jersey Tax Court · 2008
- Bestfoods v. Englewood Cliffs BoroughNew Jersey Superior Court Appellate Division · 2002