S & R Realty v. Town of Kearny

KAHN, J.T.C.

This is the court’s opinion written pursuant to R. 2:5-lb and supplementing its previous oral decision, which granted defendant municipality’s motion to dismiss plaintiff taxpayer’s complaints pursuant to R. 4:37-2(b). The underlying complaints were local property tax appeals concerning the property located at 2 Hackensack Avenue, Kearny, New Jersey, for the years 1995 through 1999. The property was assessed as follows for all of the years in question:

Land $ 547,700

Improvements 3,507,600

Total $4,055,300

*491Taking into account the chapter 123 ratio, the equalized values for those years…