New Jersey Tax Court March 4, 1983 (Sta-Seal, Inc. v. Director, Division of Taxation)

CONLEY, J.T.C.

This consolidated proceeding presents the issue of whether certain business property should be subject to taxation as business personal property by the State Division of Taxation or as real property by a local taxing district. The primary property involved in this matter is an immense steel structure used for the production of asphalt and known as an asphalt plant.