Brae Associates v. Park Ridge Borough

This appeal and cross-appeal relate to the 1995 tax assessment by Park Ridge Borough (Borough) of property owned and utilized by plaintiff, Brae Associates c/o Hertz Realty, as its corporate headquarters. The property consists of a 14.56-acre parcel with a 226,568 square-foot commercial building.

The matter has been before this court previously. See Brae Assoc. c/o Hertz Realty v. Park Ridge Borough, 19 N.J.Tax 306 (App.Div.2001), and 19 N.J.Tax 316 (App.Div.2001). Suffice it to say, the initial phase of the dispute related to plaintiffs successful tax appeal for the tax years 1990 through…