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McCRORY STORES CORP. v. CITY OF ASBURY PARK

89 N.J. Super. 234 (1965)

214 A.2d 526

McCRORY STORES CORPORATION, PETITIONER-RESPONDENT, v. THE CITY OF ASBURY PARK, RESPONDENT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided November 8, 1965.

Attorney(s) appearing for the Case

Mr. Norman Mesnikoff argued the cause for appellant.

Mr. Lawrence Lasser argued the cause for respondent (Messrs. Lasser & Lasser, attorneys).

Before Judges SULLIVAN, LEWIS and KOLOVSKY.

The opinion of the court was delivered by KOLOVSKY, J.A.D.

For the year 1962 property known as 632-644 Cookman Avenue, Asbury Park, was assessed for taxation at a valuation of $521,000 (land $277,200, improvements $243,800). The county board of taxation affirmed the assessment. The Division of Tax Appeals (Division) reduced the assessment to $325,000 (land $200,000, improvements $125,000). The city appeals.

The petitioner named in the appeal from the assessment...

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