Appeal of City of Jersey City v. Maritime Petroleum Corp.

Kreamee, Commissioner.

The City of Jersey City levied a personal property assessment in the amount of $175,000 against products known as No. 2 fuel oil and kerosene owned by Maritime Petroleum Corp., a corporation of the State of New York, taxpayer herein. These products were located in tanks owned by Tankport Terminals, Inc., situate within the taxing district of the city. An appeal was taken by the taxpayer to the Hudson County Board of Taxation, which Board set aside and canceled the assessment. The city now appeals from the County Board judgment and seeks to have the assessment restored.

Mar…