HAHNE & CO. v. ROCKAWAY TP.

LASSER, P.J.T.C.

Taxpayer contests the 1985 local property tax assessment on its department store property located at the Rockaway Town Square Mall. The property is designated as Block 11001, Lot 4, and consists of a 9.32-acre parcel of land on which is erected a two-story building containing 154,000 square feet. The 1985 assessment on the property is:

  Land                      $1,398,000
  Improvements               9,515,000
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