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County Branch Library Opens in Shrewsbury SEE STORY BELOW Becoming Fair THEDAILY HOME Becoming sunny and mild after morning fog today. Clear, mild Red Bank, Freehold tonight. Sunny, mild tomorrow. I Long Branch , 7 FINAL (Set Detail! Pats 3) Monmouth County's Home Newspaper for 90 Years TOL. 91, NO. 76 RED BANK, N. J., MONDAY, OCTOBER 14, 1968 TEN CENTS Apartment Owners Seek Cuts Up to $485,000 65 Red Bank Tax Appeals Aired RED BANK - The Mon- ment house has 58 apartments. market value is $293,261. ment house on William St., Corp., claimed the property is to $350,200. Appellant cited mouth County Board of Taxa- The cuts requested were They request that the assess- claimed through Mr. Baar that assessed in excess of fair mar- high costs and low rents. tion reserved decision on some land, $195,000 to $58,000 and ment on the land be reduced fair market value is $327,442. ket value. Oakland Investment Co. ap- 65 tax appeals from Red Bank buildings, $296,000 to $267,000, from $120,400 to $60,000 and on The appellant asked for these The Terrace Inc., George B. pealed assessments on three property owners heard in the which would reduce the total the building from $334,600 to cuts: land, $79,000 to $40,000; Underwood, president, 85 properties through its attorney, Hall of Records, Freehold. assessment from $491,000 to 233,261. building, $381,000 to $287,442; a apartments at 257-279 Spring $325,000. total cut of $132,558. St., building, $608,800 to $333,- Richard D.
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