Decided: July 21, 1971.
TRANSCONTINENTAL GAS PIPE LINE CORPORATION, PETITIONER-RESPONDENT,
TOWNSHIP OF BERNARDS, ET AL., RESPONDENTS, AND BOROUGH OF CARTERET, TOWNSHIP OF EDISON AND TOWNSHIP OF WOODBRIDGE, RESPONDENTS-APPELLANTS. TEXAS EASTERN TRANSMISSION CORPORATION. PETITIONER-RESPONDENT, V. BOROUGH OF CARTERET, TOWNSHIP OF EDISON, TOWNSHIP OF PISCATAWAY AND TOWNSHIP OF WOODBRIDGE, RESPONDENTS-APPELLANTS
On appeals from the Superior Court of New Jersey, Appellate Division.
For affirmance -- Chief Justice Weintraub and Justices Jacobs, Francis, Proctor, Hall and Schettino. For reversal -- None.
[58 NJ Page 586]
These cases involve the assessment of pipelines for local ad valorem taxation. We granted the petitions of the municipalities to review the judgments of the Appellate Division. 57 N.J. 598 (1971); 58 N.J. 19 (1971).
We see no basis to disturb the judgments on the records in these matters. As to valuation, we endorse the recommendation of the Appellate Division and of the State Division of Tax Appeals that there should be legislation to provide a suitable statewide formula for the assessment of this unique property. As to the claim of discrimination, the issue was properly accepted and the average ratios were properly employed.
The judgments are affirmed.