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ST. LUKE'S VILLAGE, INC. v. PEAPACK & GLADSTONE BOR.

11 N.J. Tax 76 (1990)

ST. LUKE'S VILLAGE, INC., PLAINTIFF, v. PEAPACK & GLADSTONE BOROUGH, DEFENDANT.

Tax Court of New Jersey.

April 20, 1990.

Attorney(s) appearing for the Case

James R. Hillas, Jr., for plaintiff.

Susan A. Feeney, for defendant (Conley & Feeney, attorneys).

LASSER, P.J.T.C.

Taxpayer, a nonprofit corporation, contests the 1988 real property tax assessment on low and moderate income multifamily affordable housing property owned by it and located at 197 Main Street, Peapack & Gladstone Borough, known as Block 22, Lot 6. Taxpayer seeks exemption for the property or, in the alternative, a reduction in the assessment on valuation grounds. The 1988 assessment in contest is:

  Land                   $130,800...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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