Township of Cedar Grove v. New Jersey State Board of Tax Appeals

The writ brings up for review a judgment of the state board of tax appeals affirming the judgment of the Essex county board of taxation, reducing from $19,000 to $12,000, the valuation assessed in October, 1931, against the property of the respondent Jones. The land in question consists of about nineteen acres. It was purchased in 1928 for $17,000, the intention being to use it for development purposes. It produces no revenue and due to the world-wide depression no real market exists for its sale.

The Essex county board of taxation and the board of tax appeals, after carefully considering the…