Tax Court: Plaza Twenty Three Station, LLC v. Township of Pequannock, Docket Nos. 002870-2018; 002215-2019; 000062-2019; opinion by Bianco, J.T.C., decided January 9, 2020; published opinion January 22, 2020. For plaintiff – Daniel P. Zazzali and Michael D. Benak (McCarter & English, LLP, attorneys); for defendant – Robert H. Oostdyk, Jr. (Murphy McKeon, PC, attorneys).
HELD: The court invalidated the 2018 and 2019 local property tax assessments, along with a 2018 added assessment, imposed by defendant upon the subject property owned by plaintiff. The court found that these assessments were based on and carried forward, the 2017 added assessment, which this court had held constituted an unconstitutional spot assessment, the same being based on the 2017 sale of the subject property.