Legal Opinion
City of Atlantic v. Director, Division of Taxation
New Jersey Tax Court
Decided February 8, 2008PublishedCited by 5 opinions
1Opinion of the Court
SMALL, P.J.T.C.
Each year three ratios establishing the relationship between fair market value and assessed value for tax purposes are promulgated for each of New Jersey’s 566 municipalities. The first, the school aid ratio, is promulgated on October 1 of the pretax year by the *5Director of the New Jersey Division of Taxation (the “Director”). N.J.S.A. 54:1-35.1. The second ratio, the chapter 123 ratio, is based on the school aid ratio and is promulgated on or before April 1 of the tax year. N.J.S.A 54:l-35b (L. 1973, c. 123). The final ratio, the county equalization ratio, is also based on the…
2Cases cited19 opinions
- Murnick v. City of Asbury ParkSupreme Court of New Jersey · 1984
- Town of Kearny v. Division of Tax AppealsSupreme Court of New Jersey · 1961
- County of Monmouth v. HiltonNew Jersey Superior Court Appellate Division · 2000
- 1530 Owners Corp. v. Borough of Fort LeeSupreme Court of New Jersey · 1994
- Fort Lee Borough v. Director, Division of TaxationNew Jersey Tax Court · 1992
14 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Township of Jefferson v. DirectorNew Jersey Tax Court · 2011
- GGI Props., LLC v. City of Millville (In re GGI Props., LLC)United States Bankruptcy Court, D. New Jersey · 2018
- Chadwick 99 Associates v. Director, Division of TaxationNew Jersey Tax Court · 2008
- Bordentown Real Estate Associates, LLC v. Director, Division of TaxationNew Jersey Tax Court · 2009
- City of Atlantic City v. Atlantic County Board of TaxationNew Jersey Superior Court Appellate Division · 2009