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... that municipality to the intermunicipal account, as calculated pursuant to [ N.J.S.A. 5:10A-53 to -58]. The amount so derived shall be referred to ... taxable real property in the municipality in a comparison year. N.J.S.A. 5:10A-53(f).3 Any payments in lieu of taxes (PILOT) on ... aggregate true value of taxable real property in the municipality. N.J.S.A. 5:10A-53(e). The record shows that in April 2011, the New ... because they are not supported by the plain language of N.J.S.A. 5:10A-53(e). As noted, the statute expressly provides that if a ... results in the determination of the municipality's adjustment payment. N.J.S.A. 5:10A-53(b)-(f); N.J.S.A. 5:10A-59(a ... pre-adjustment payment was consistent with the plain language of N.J.S.A. 5:10A-53(e) and supported by sufficient credible evidence in the ...

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court:	NJ Superior Court Law/Chancery Division
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Document Size:	26268