KUSKIN, J.T.C.
Plaintiff appeals the 1997 and 1998 assessments on property in the Borough of Mountain Lakes designated on the Borough Tax Map as Block 7, Lot 7, and commonly known as 133 Route 46. The property was assessed for 1997 at a total of $12,936,000, and for 1998 at a total of $10,650,000. The parties have stipulated that the applicable ratios under N.J.S.A. 54:1-35a(a) (Chapter 123) were 98.39% for 1997 and 97.21% for 1998, and that the Borough tax...
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