Legal Opinion
Linwood Properties, Inc. v. Fort Lee Borough
New Jersey Tax Court
Decided March 13, 1985PublishedCited by 14 opinions
1Opinion of the Court
EVERS, J.T.C.
Taxpayer has filed direct appeals, involving claims of overvaluation and discrimination, from assessments of $3,860,500 in 1981, 1982 and 1983 levied against its 5.539-acre tract known as Block 4501, Lot 1. Being vacant land both experts relied on sales of allegedly comparable tracts in arriving at their respective opinions of value. Taxpayer valued the land at $2,435,200 in 1981, $2,800,400 in 1982 and $3,220,500 in 1983. Borough’s expert found values of $3,619,200 in 1981, $3,800,100 in 1982 and $4,000,000 in 1983.
As compared with the cost and capitalization of income…
2Cases cited13 opinions
- Hackensack Water Co. v. Division of Tax AppealsSupreme Court of New Jersey · 1949
- STATE, HIGHWAY COMM'R v. GorgaSupreme Court of New Jersey · 1958
- City of Passaic v. Gera MillsNew Jersey Superior Court Appellate Division · 1959
- In Re Port of New York AuthorityNew Jersey Superior Court Appellate Division · 1953
- City of Passaic v. Gera MillsSupreme Court of New Jersey · 1959
8 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- GLENPOINTE ASS'N. v. Tp. of TeaneckNew Jersey Superior Court Appellate Division · 1990
- STATE BY COM'R OF TRANSP. v. CaoiliSupreme Court of New Jersey · 1994
- Little Egg Harbor Tp. v. BonsangueNew Jersey Superior Court Appellate Division · 1998
- Owens-Illinois Glass Co. v. BridgetonNew Jersey Tax Court · 1986
- Mocco v. City of Jersey City (In Re Mocco)United States Bankruptcy Court, D. New Jersey · 1998
9 more not listed; retrieve them via the Exa API.