Search Rutgers Law Library N.J. Court Opinions

1 MOBIL OIL CORPORATION v. TOWNSHIP OF GREENWICH, -- rank: 1000

... filed papers involving a supplemental argument involving an analysis of N.J.S.A. 54:4-2.45 on May 27, 1999, and this court will address this ... Determination of Market Value to Rebut the Legislative Declaration of N.J.S.A. 54:4-2.45. Mobil asserts that if the court determines that the taxation ... then the court should rule that the presumption contained in N.J.S.A. 54:4-2.45, pertaining to the valuation of such property, is rebuttable. 6 ... finds that such a ruling at this time is premature. N.J.S.A. 54:4-2.45 provides that: The true value of taxable tangible personal property ... original cost. It is clear from the plain language of N.J.S.A. 54:4-2.45 that the presumption applies only to “tangible personal propertyâ ... need not address the argument that the presumption contained in N.J.S.A. 54:4-2.45 is rebuttable. For all of the foregoing reasons, the ...

docket:	00461-98
court:
decided:	2004-12-23
status:
citation:	22 N.J. Tax 1
Document Size:	56247

2 COASTAL EAGLE POINT OIL CO. Plaintiff v. WEST DEPTFORD TOWNSHIP, <br -- rank: 925

... the instructions on the form and the statutory prescription of N.J.S.A. 54:4-2.45, plaintiff calculated the taxable value of that property as of ... the taxable value of the process equipment calculated pursuant to N.J.S.A. 54:4-2.45: $67,381,846 -32,384,500 $34,997,346. The ... value of the process equipment calculated by Coastal pursuant to N.J.S.A. 54:4-2.45 as of January 1, 1996. Although the assessor had not ... an upper limit on the percentage depreciation (80%) allowed by N.J.S.A. 54:4-2.45 is conclusive. That issue will be resolved in the companion ... to local property tax is based on a statutory formula. N.J.S.A. 54:4-2.45 and -2.47 (but see N.J.S.A 54 ... the value of the process equipment under the formula of N.J.S.A. 54:4-2.45) and $92,615,500 2 for real property, been ...

docket:	00020-99
court:
decided:	1999-09-01
status:
citation:	19 N.J. Tax 123
Document Size:	48350

3 VERIZON NEW JERSEY, INC v. BOROUGH OF HOPEWELL -- rank: 907

... assessments in the event of 'such an eventuality.' Ibid. See N.J.S.A. 54:4-2.45, -2.48, -2.50. A-2909-18 24 Although finding ...

docket:	a2909-18
court:	NJ Superior Court Appellate Division
decided:	2023-06-14
status:	Unpublished
citation:
Document Size:	181864