72-25 stipulation of settlement.pdf

006502-2023 01/28/2025 2:15:54 PM Pg 1 of 2 Trans ID: TAX202511198 Andrew S. Kessler Attorney ID 4011471976 SAIBER L.L.C. 18 Columbia Turnpike, Suite 200 Florham Park, NJ 07932 Phone: (973) 622-3333 Fax: (973) 622-3349 akessler@saiber.com Attorneys for Plaintiff TAX COURT OF NEW JERSEY R& LSTABLES LLC DOCKET NO. 006502-2023 Plaintiff, CIVIL ACTION ve STIPULATION OF SETTLEMENT WEST ORANGE TOWNSHIP, (Local Property Tax) Defendant. Assigned Judge: Hon. Joshua D. Novin , J.T.C, First Calendar Date: July 9, 2024 1. Defendants hereby withdraw any and all counter-claims filed. 2. It is hereby stipulated and agreed that the assessment of the following property be adjusted and judgments entered as follows: BLOCK: 152.02 LOT: 186 STREET ADDRESS; 12-22 Woodland Avenue YEAR(S) 2023 Original County Tax Requested Tax Assessment Board Assessment Court Judgment LAND: $ 1,046,500 NA $ 523,300 IMPROVEMENTS: $ 876.400 N/A $ 458,700 TOTAL: $ 1,922,900 N/A $ 982,000 3. The undersigned have made such examination of the value and proper assessment of the property and have obtained such appraisals, analysis and information with respect to the valuation and assessment of the property as they deem necessary and appropriate for the purpose of {01779586,DOC }

006502-2023 01/28/2025 2:15:54 PM Pg 2of2 Trans ID: TAX202511198 enabling them to enter into the stipulation, The assessor of the taxing district has been consulted by the attorney for the taxing district with respect to this settlement and the terms thereof and has concurred, 4, Statutory interest, pursuant to N.J,S.A. 54:3-27.2, having been waived by taxpayer, shall not be paid provided the tax refund for tax year 2023 is paid within 60 days of the date of entry of the Tax Court Judgment. Defendant waives applicability of N.J.S. 54:4-134 and will not apply the 2023 refund to any unpaid taxes post 2023. 5, ‘The parties have agreed that any excess taxes paid in 2023, based upon the requested Tax Court Judgments herein, shall not be credited but shall be refunded to the Trust Account of Plaintiff's Attorney, without interest if paid within 60 days of the date of judgment. 6. Based upon the foregoing, the undersigned represent to the court that the above settlement will result in an assessment at the fair assessable value of the property consistent with assessing practices generally applicable in the taxing district as required by law. SAIBER L.L.C. Attorneys for Plaingi Dated: _ Jamuary.9, 2025 By: ANBREW §. KESSLER Blau and Blan £01776724,.D0C }

006502-2023 01/24/2025 Pg1of1 Trans ID: TAX202513199 TAX COURT OF NEW JERSEY COUNTY: Essex DOCKET NO. 006502-2023 R & L STABLES LLC Plaintiff (s), CIVIL ACTION v 2 JUDGMENT WEST ORANGE Defendant(s). The parties having agreed upon a settlement, the assessment shall be as set forth below: Block: 152.02 Lot: 186 Street Address: 12-22 Woodland Avenue Year: 2023 TAX COURT JUDGMENT Land: $523,300.00 Improvements: $458,700.00 Total: $982,000.00 /s/ Jeffrey T. Gallus, Clerk/Administrator Tax Court of New Jersey Entered: 1/31/2025 Plaintiff(s) Attorney: Andrew S Kessler Esq Defendant(s) Attorney: Charles E Blau Esq