HARCLAY HOUSE v. CITY OF EAST ORANGE

PER CURIAM

Harclay House Associates (Harclay) appeals from the judgment of the Tax Court, affirming a real property assessment by the City of East Orange. We affirm.

Harclay's sole argument on appeal is that its methodology in establishing "fair rental value" or "economic rent/income" is correct as a matter of law and, therefore, the Tax Court should have accepted it. The Tax Court found that Harclay failed to overcome the presumption of validity or correctness which attaches to the assessment. We agree with the Tax Court and affirm substantially for the reasons expressed by Judge Joseph Small in the opinion published at 18 N.J. Tax, 564 (2000).

Affirmed.