Narberth Borough's Appeal

Per Curiam,

The Borough and School District of Narberth appeal from the action of the court below in reducing the assessed valuation for tax purposes of real éstate owned by Narberth Apartments, Inc. and located within the Borough of Narberth, Montgomery County. The property in question, consisting of a recently constructed group of four buildings (three of which contain 114 apartments and the fourth of which is a 120-car garage), was assessed by the local assessor in the amount of $250,000. This assessment was sustained by the County Board for the Assessment and Revision of Taxes, but, on…