For the prosecutor, William R. Gannon.
For the defendants, James A. Hamill (Frank P. McCarthy, of counsel).
Before Justices Case, Donges and Heher.
The opinion of the court was delivered by
HEHER, J. The question for decision is whether the taxing district of Jersey City has overassessed lands of prosecutor for taxation for the year 1938. The assessment was in the sum of $52,300. It was affirmed by the County Board of Taxation, but reduced to $47,000 by the State Board of Tax Appeals.
The local assessor is enjoined to "determine the full and fair value" of the taxable land "at such price as, in his judgment, it would sell for at a fair and bona fide sale by private contract" on the prior October 1st. R.S. 1937, 54:4-23. Vide article IV, section VII, paragraph 12 of the State Constitution. There is at the outset a presumption in favor of the quantum of the assessment as made by the local authority; and the onus of proof of an excessive valuation is upon the landowner. New Jersey Bell Telephone Co. v. City of Newark, 118 N.J.L. 490; affirmed, 124 Id. 451; Hackensack Water Co. v. State Board of Tax Appeals, 122 Id. 596; Gannon v. State Board of Tax Appeals, 123 Id. 450; Central Railroad Company of New Jersey v. State Tax Department, 112 Id. 5; Estell v. Hawkens, 50 Id. 122. While it is the undoubted function of this court to revise an immoderate valuation (R.S. 1937, 2:81-8; 54:4-59), due regard must needs be had for the experience of the county and state boards of taxation in matters of appraisement. In passing upon a
value fixed by the old State Board of Equalization of Taxes, this court said: "The valuation having been adjudged by a statutory tribunal erected for the particular purpose and experienced in such matters, this court will be loth to interfere with its findings on matters of fact, * * * unless the evidence is persuasive that injustice has been done." Kearny v. Board of Equalization of Taxes, 81 Id. 106. See, also, Kearny v. State Board of Taxes and Assessment, 103 Id. 26; affirmed, Id. 699.
So tested, the judgment under review is unassailable. The land is unimproved. It is situate at the southwest corner of Hudson Boulevard and Van Winkle Avenue, fronting 121 feet on the Boulevard and 116 feet on the avenue -- in area, 14,036 square feet. Prosecutor's expert valued the parcel at $31,700. This appraisal was based upon a "unit rate of $250 per foot" for a frontage of 100 feet on the Boulevard. There were additional allowances for the "triangle" and "corner influence." The witness also took into account what he deemed to be "comparable sales." Applying the same unit rule, these sale prices were at the rate of $240, $170 and $130 per front foot. The valuation placed upon the property by the city's expert was at the rate of $480 per front foot. He adduced what he considered as comparable sales -- particularly one made in December, 1936, of land on Pavonia Avenue, near the locus, for $125,000, or at the rate of $480 per front foot. This parcel is situate four blocks south of the locus, in an "apartment house section," and is "used as a parking lot."
The assessment, as reduced, represents an appraisement of $400 per front foot; and the insistence is that "It is not supported by any evidence * * * unless the Pavonia Avenue * * * sale (three years previous) is taken as the sole criterion, and the latest sales relied upon by prosecutor's expert, and in the more immediate vicinity of the premises under appeal, are entirely discarded." It is said further that the State Board's judgment "amounts to a reduction of approximately ten per cent. in the value of the land from 1931 to and including 1938," and that that "is extremely modest."
The land is located within or adjacent to the "Journal Square area," a section of relatively great ...