Tri-Terminal Corporation, Petitioner-Appellant v. Borough of Edgewater, Respondent-Respondent

Summary

The Court affirmed the Appellate Division’s judgment that Edgewater’s uniform assessments, derived from the 1968‑1969 general revaluation, constituted a common level of valuation for the 1971‑1972 tax years, thereby negating a discrimination claim. It held that the Division of Tax Appeals erred in applying the Director’s sales‑ratio studies to reduce the assessments and that the taxpayer failed to demonstrate a disparate assessment relative to other property owners.