Waterview Village-Community Realty Management v. Ventnor City

LARIO, J. T. C.

This is a motion on the filed papers for the entry of an order that interest at 5% is due and payable to plaintiff on its tax refund which resulted from a judgment entered by this court.

At issue is whether a taxpayer is entitled to interest on a refund resulting from a judgment decreasing its real estate *264assessment where the judgment was entered pursuant to a written stipulation of settlement which is silent as to payment of interest.

The facts have not been disputed. Plaintiff’s real estate was originally assessed by Ventnor for the tax year 1980 at:

Land $1,000,000

Improvements…