NJ Tax Court judge applies reduced assessment to all 1,200 acres of Ciba site, even non-contaminated

摘要

A New Jersey Tax Court judge held on Dec. 5 that the impact of environmental contamination and the cost of its remediation affects the true market value of the entire 1, 200-acre property of Ciba Specialty Chemical Corp in Toms River Township although portions of the property appear never to have been contaminated directly.