New Jersey Transit Corporation, Plaintiff-Appellant v. Borough of Somerville, Defendant

Summary

The Supreme Court of New Jersey affirmed the Appellate Division, holding that the ten‑year limitations period of N.J.S.A. 2A:14‑1.2 does not apply to real‑property tax assessment appeals and that New Jersey Transit is liable only for taxes assessed before October 1, 1981. The Court based its decision on statutory construction principles and the specific filing deadline in N.J.S.A. 54:3‑21. Justice Stein filed a dissent.