Chevron U.S.A., Inc. v. City of Perth Amboy

The City of Perth Amboy appeals from a judgment of the Tax Court. The Tax Court judge framed the issue of the case as whether the real property at plaintiffs refinery in Perth Amboy was, pursuant to N.J.S.A. 54:4-23, properly assessed for local tax purposes for the tax years of 1984 and 1985, and, if not, what the appropriate assessments should be. The judge concluded the City had over-assessed the real property. He set the assessable values, in the aggregate, as:

1984 1985

Land $ 3,426,000 Land $ 2,964,300

Improvement 54,191,000 Improvement 45,189,400

Total $57,617,000 Total $48,153,700

The City,…