McGrath v. Wallace Murray Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that N.J.S.A 54:4-23 “directs the assessor to value real property as though it were sold pursuant to private contract on the assessing date.”
• stating that “the selling price of real property will reflect the burden of long-term leases disadvantageous to the landlord____” and holding that such a selling price does not establish value for tax assessment purposes. Id. at 430-31.
• “Lease offerings, like sales offerings, are not probative of market value.”
• “Lease offerings, like sales offerings, are not probative of market value.”

Source: CourtListener parenthetical corpus (CC0).