A taxpayer who assumed responsibility for the remediation of contaminated industrial property is not precluded from seeking a reduction in the assessed value to account for the contamination.
August 01, 2013 at 01:45 PM
1 minute read
Orient Way Corp. v. Township of Lyndhurst, No. 003895-2006; Tax Court; opinion by DeAlmeida, P.J.T.C.; decided and approved for publication July 22, 2013. DDS No. 35-5-0773 [30 pp.]
At issue is the valuation for local property tax purposes of real property that suffers from environmental contamination.
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