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ORIENT WAY v. TP. OF LYNDHURST

DOCKET NOS. 003895-2006, 004343-2007, 003219-2008

27 N.J. Tax 361 (2013)

ORIENT WAY CORP. AND RED ROC REALTY, LLC, PLAINTIFFS, v. TOWNSHIP OF LYNDHURST, DEFENDANT. RED ROC REALTY, LLC, PLAINTIFF, v. TOWNSHIP OF LYNDHURST, DEFENDANT.

Tax Court of New Jersey.

Decided: July 22, 2013.

Attorney(s) appearing for the Case

Steven D. Muhlstock for plaintiffs (Gittleman, Muhlstock & Chewcaskie, LLP, attorneys).

Kenneth A. Porro for defendant (Wells, Jaworski & Liebman, LLP, attorneys).

DeALMEIDA, P.J.T.C.

This is the court's opinion after trial in the above-referenced matters. At issue is the valuation for local property tax purposes of real property that suffers from environmental contamination. For the reasons stated more fully below, the assessments on the property for tax years 2006, 2007 and 2008 are reduced.

I. Findings of Fact

The court makes the following findings of fact based on the testimony and documents admitted...

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