Summary
finding sales comparison inappropriate when "comparables" were two and three times larger than the subject
Summary of this case from 757 Page Ave. Inc. v. Twp. of LyndhurstOpinion
Argued September 19, 1989.
Decided September 28, 1989.
Appeal from Tax Court of New Jersey.
Seth I. Davenport argued the cause for appellant ( Garippa Trevenen, attorneys; John E. Garippa, of counsel; Calvin O. Trevenen and Seth I. Davenport, on the brief).
Joseph S. Novak, Township Attorney, argued the cause for respondent ( Joseph S. Novak and Anita B. Kartalopoulos, on the brief).
Before Judges MICHELS, DEIGHAN and COHEN.
The judgment of the Tax Court of New Jersey assessing the property of Thomas J. Lipton, Inc. located in defendant Township of Raritan in the total sum of $13,978,700 is affirmed substantially for the reasons expressed by Judge Lasser of the Tax Court of New Jersey in his written opinion dated September 26, 1988, which is reported as Thomas J. Lipton, Inc. v. Raritan Township, 10 N.J. Tax 202 (Tax Ct. 1988).
Affirmed.