CITY OF HOBOKEN v. TRUSTEES OF STEVENS INSTITUTE


247 N.J. Super. 215 (1991)

588 A.2d 1262

CITY OF HOBOKEN, PLAINTIFF-APPELLANT, v. TRUSTEES OF STEVENS INSTITUTE, DEFENDANT-RESPONDENT.

Superior Court of New Jersey, Appellate Division.

Decided April 2, 1991.


Attorney(s) appearing for the Case

Philip Elberg argued the cause for appellant (Medvin & Elberg, attorneys; Philip Elberg on the brief).

Edward G. Rosenblum argued the cause for respondent (Rosenblum & Rosenblum, attorneys; Edward G. Rosenblum on the brief).

Before Judges J.H. COLEMAN and DREIER.


PER CURIAM.

This appeal requires us to decide whether Stevens Institute of Technology's local property tax exemption, pursuant to N.J.S.A. 54:4-3.6, should be terminated based upon its execution of a ground lease of the subject property to a private corporation for noneducational purposes. The City of Hoboken terminated the exemption effective July 1, 1988. The Hudson County Board of Taxation reinstated the...

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