3085 Kennedy Realty Co. v. Tax Assessor

The opinion of the court was delivered by

BROCHIN, J.A.D.

Plaintiff 3085 Kennedy Realty Company was the owner of three contiguous parcels of real estate in Jersey City. A city-wide real property reevaluation to be effective for the tax years 1988 and thereafter valued the three parcels as follows: Parcel 1: $89,300; Parcel 2: $129,700; and Parcel 3: $746,700.

Despite these valuations, the three parcels were assessed as follows for the 1989 tax year: Parcel 1: $89,300; Parcel 2: $864,000; and Parcel 3: $1,710,000. Plaintiff appealed these assessments to the Hudson County Board of Taxation…