Union Terminal Cold Storage Company, Inc., Plaintiff-Appellant v. Donald Spence

Summary

The Supreme Court of New Jersey reversed the summary judgment granting the city and director of finance relief, holding that the "freeze" statute N.J.S.A. 54:2-43 is mandatory and that a final judgment of the Division of Tax Appeals is binding on the municipality for the assessment year and the two succeeding years, thereby obligating the tax collector to grant a credit and issue a receipt without the taxpayer first exhausting appeal to the county board. Justice Burling concurred in the result but argued the statute is not self‑executing and limited the collector's authority to the appealed year.