City of Newark, a Municipal Corporation, Plaintiff-Respondent and Cross-Appellant v. Township of West Milford in…

Summary

The Supreme Court of New Jersey reversed the Division of Tax Appeals and remanded for a new determination of the true value of the City of Newark's watershed lands, holding that the statutory requirement of assessment at true value applies to municipal watershed property and that the Division erred by relying solely on tax history rather than appropriate comparative valuation methods.