Plaza Twenty Three—Property tax appeal

Represented this shopping mall center owner in a property tax appeal trial that saved them more than $2.4 million. After valuation claims were presented suggesting that the subject property was overvalued by some $20 million, the Tax Court entertained argument from counsel with respect to illegal spot-assessing after the property sold. The Tax Court ruled that the assessor for Pequannock Township in New Jersey had illegally spot-assessed the subject property after its transfer, thereby invalidating the increased assessment and providing dramatic relief to the taxpayer.