21 N.J. Misc. 387 | Hudson Cty. Cir. Ct., N.J. | 1943
In May, 1943, the tax assessor of Jersey City ordered the Lackawanna Warehouse Company, Inc., and its agent, to appear before the assessor to testify and produce such lease or leases, or operating agreements which said com
The footnotes to Blinn Lumber Co. v. Los Angeles County (Cal.), 84 A. L. R. 1304, contains copious references to many states, including Hew York, of well recognized methods of computing the value of leaseholds for taxing purposes. In Fidelity Trust Co. v. County of Wayne, 59 A. L. R. 698,
It is the determination of this court that while leaseholds, in the past, have been considered as personal property for many purposes, in the matter of taxation it has been the practice to consider them as real property; that the discovery procedure in R. S. 51:4-16, does not include leasehold interests as personal property. The petitioner’s motion is granted, to the extent that the agents or representatives of the respondent be required to appear and testify concerning the personal property of the respondent in the premises in question, and that a subpoena do issue to that end.