United States Postal Service v. Town of Kearny

Defendant, Town of Kearny, appeals from a determination by the Tax Court that the Freeze Act, N.J.S.A. 54:51A-8, applied to bar defendant’s added assessment upon real property leased by plaintiff, United States Postal Service.

*79On November 22, 1996, a judgment was entered by the Tax Court setting forth the terms of a settlement of a suit disputing property tax assessments made by defendant on plaintiffs North Jersey General Mail Handling Facility located in Kearny. As part of the settlement the parties agreed on the assessed value of taxpayers’ property. In June 1997, the Postal Service filed a…