Borgota Hits $50m Tax Appeal Jackpot

From NJ.com:

In the latest blow to Atlantic City’s finances, the Borgata Hotel Casino and Spa has won a tax appeal worth nearly $50 million from the municipality after a state tax court judge agreed that the assessed value of its property should be slashed for the 2009 and 2010 tax years….More at Borgata wins tax appeal worth nearly $50 million in Atlantic City refunds – The Star-Ledger – NJ.com

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