Summary -
07334-2024 - GABRIEL ADES V. BOROUGH OF DEAL
LOCAL PROPERTY TAXATION - FREEZE ACT APPLICATION
Tax Court; Gabriel Ades v. Borough of Deal; Docket No. 007334-2024, opinion by Sundar, P.J.T.C., decided January 24, 2025. For plaintiff - Chad E. Wolf (Wolf Vespasiano LLC, attorney); for defendant - Paul V. Fernicola (Fernicola & Associates, LLC, attorney).
HELD: A final judgment of a county board of taxation that is coded 2B, which stands for “presumption of correctness not overturned,” does not qualify as a base year’s final judgment for purposes of the application of the Freeze Act, N.J.S.A. 54:3-26. This is because the judgment was not the result of a value determination by the county board. That the county board of taxation’s judgment re-states or recites the original assessment in the “judgment” column does not change judgment into one resulting from a determination of the value of the subject property.