Transcontinental Gas Pipe Line Corporation v. Township of Bernards
Decision Date | 21 July 1971 |
Citation | 58 N.J. 585,279 A.2d 674 |
Parties | TRANSCONTINENTAL GAS PIPE LINE CORPORATION, Petitioner-Respondent, v. TOWNSHIP OF BERNARDS et al., Respondents, and Borough of Carteret et al., Respondents-Appellants. TEXAS EASTERN TRANSMISSION CORPORATION, Petitioner-Respondent, v. BOROUGH OF CARTERET et al., Respondents-Appellants. |
Court | New Jersey Supreme Court |
On appeals from the Superior Court of New Jersey, Appellate Division.
Sam Weiss, Newark, for appellants; Isadore Rosenblum, Woodbridge, for appelland Woodbridge Tp.; John M. Kolibas, Carteret, for appellant Borough of Carteret; Roland A. Winter, Perth Amboy, for appellant Edison Tp. (Howard Gran, South Plainfield, attorney for appellant Piscataway Tp.).
Angelo A. Mastrangelo, Newark, for respondent Transcontinental Gas Pipe Line Corp. (Fox, Schackner, Neagle & Mastrangelo, Newark, attorneys).
Robert J. Del Tufo, Morristown, for respondent Texas Eastern Transmission Corp. (Thomas J. Bitar, Morristown, on the brief, Jeffers & Dillon, Morristown, attorneys).
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, 274 A.2d 52 (1971); 58 N.J. 19, 274 A.2d 291 (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.
For affirmance: Chief Justice WEINTRAUB and Justices JACOBS, FRANCIS, PROCTOR, HALL and SCHETTINO--6.
For reversal: None.
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Transcontinental Gas Pipe Line Corp. v. Bernards Tp.
...Gas Pipeline v. Township of Bernards, 115 N.J. Super. 593, 280 A.2d 689 (App.Div.1970) (Transcontinental I ), aff'd o.b. 58 N.J. 585, 279 A.2d 674 (1971), and Texas Eastern Trans. Corp. v. Borough of Carteret, 116 N.J. Super. 9, 280 A.2d 833 (App.Div.1970), aff'd o.b. 58 N.J. 585, 279 A.2d ......
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Boston Edison Co. v. Board of Assessors of Watertown
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...purposes. See, e.g., Texas E. Transmission Corp. v. Carteret, 116 N.J.Super. 9, 16-17, 280 A.2d 833 (1970), aff'd, 58 N.J. 585, 279 A.2d 674 (1971) (per curiam) (original cost less depreciation approach proper in valuing property since income of utility company limited to percentage of that......
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