City of Newark, Petitioner-Respondent v. Charles Fischer, or Norbet Corporation, Respondent-Appellant

Summary

The Supreme Court of New Jersey affirmed the Division of Tax Appeals, holding that a vendee in possession under an executory contract for the purchase of real estate is subject to real estate tax, that the vendee has a taxable legal/equitable interest, and that the statutory “freeze” provision does not bar the city from levying assessments for 1948‑1949.