The order under review cancelled 22/27th of such assessment on the ground that 22 out of 27 single-family residences owned by respondent and rented by it to current members of its faculty and operational staff and to retired members of the faculty, all of whom lived in such residences upon respondent's new campus in process of establishment pursuant to contractual arrangements with the municipality represented by the appellants, were exempt from real estate taxation as a...
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