121-26 Attachment - 14 Hepworth Place.pdf

2. The undersigned have made such examination of the value and proper assessment of the property(ies) and have obtained such appraisals, analysis and information with respect to the valuation and assessment of the property(ies) they deem necessary and appropriate for the purpose of ena ng them to ‘enter into the Stipulation. The assessor rto the taxing dist ict tw been: consulted by the atiorney for the taxing district with respect to this settlement and has concurred, 3. Based upon the foregoing, the undersigned represent lo the Court that the above settlement will result in an assessment at the fair assessable value of the property(ies) consistent with assessing practices generally applicable in the taxing district as required by law. 4. All refunds as a result of the settlement set forth herein shall be paid by refund check, made payable to: Jennifer R. Jacobus, Esq., Attorney for HUBBL, WALID, ‘and forwarded to sennifer R Tacobus, Esq. 201 Littleton Road, Suite 100, Morris Plains, NJ 07950 within sixty 60) days of the date of the Judgment, 5. The parties agree that there has been no change in value or municipal-wide revaluation or reassessment adopted for the tax year 2026, and therefore agree that the provisions of N.J.S.A. 54:51A- 8 (Freeze Act) shall be applicable to tax year 2026 and a final disposition of this case and the entire controversy and of any actions pending or hereafter instituted by the parties concerning the assessment on the propert(ies) referred to herein for said Freeze Act year with 2025 being the base year. No Freeze Act year(s) shall be the basis for apptication of the Freeze Act for any subsequent year(s).