the staff of the Ridgewood blog
Ridgewood Nj, the following is a summary of The Valley Hospital’s property tax appeal against the Village of Ridgewood for their property on North Van Dien.
Legal Basis of the Appeal:
The complaint includes five counts:
1. First Count (Exemption Claim):
• Claims the property qualifies for tax exemption under N.J.S.A. 54:4-3.6 and 54:4-3.6j.
• Used for hospital purposes and owned by a nonprofit.
• Requests that the entire assessment be removed (set to zero).
2. Second Count (Overvaluation):
• Asserts the assessed value is higher than the true market value.
3. Third Count (Discrimination/Unequal Assessment):
• Claims the property is assessed at a higher percentage of value compared to similar properties.
• Cites violations of the NJ State Constitution (Art. 8, Sec. 1) and the U.S. Constitution (14th Amendment).
4. Fourth Count (Common Level Range Violation):
• Argues the assessed value exceeds the “common level range” used for tax equalization.
5. Fifth Count (No Other Appeals):
• Confirms there are no other pending appeals for this property for other years.
Relief Sought:
• Recognition of tax-exempt status.
• Removal of the property from the tax rolls.
• Reduction of assessment if exemption is denied.
• Declaration that the current assessment is discriminatory and unconstitutional.
• Any additional relief deemed appropriate by the court.
The property at 223 N Van Dien Ave is currently assessed at $184 million, making it one of the most valuable parcels in town. If Ridgewood Hospital Association Inc. wins and is granted a full exemption, the village loses all the tax revenue from that property for 2025 and beyond.
• On an average local tax rate (e.g. ~3%), this property might generate $5.5 million annually in property taxes.
• Losing that revenue shifts the burden onto other taxpayers — homeowners and small businesses — who will need to cover that shortfall.
The hospital operated in a prime residential neighborhood and benefited from village services — police, fire, roads, etc. If it’s not paying taxes, other residents effectively subsidized it.
If this exemption is granted, it could open the door for other nonprofit-owned medical or commercial properties in Ridgewood to seek similar exemptions, further eroding the tax base.
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I wouldn’t mess with them, the hospital can shut the place down. Put a 20 foot fence all the way around and let it sit for years. It look like a real shit show, and then they’ll donate the property or sell it to the state or the county and they’ll put housing in there. So be careful what you wish for
A Sports Complex, 4 affordable housing towers, and a 7-11 coming soon.
Valley is a fiscal parasite. CEO paid millions and they want to stiff Ridgewood? Let them shut it down or put housing on it. At least we can get taxes out of the property.
By the way, the tax bill of $2.5m divided by approximately 5500 ratable properties is $454 a household. PER YEAR.
Not sure about you, but for $500 a year I can live with a fence or high density housing.
Does Hackensack Hospital pay Hackensack for taxes we wonder.
High density housing with a large part reserved for section 8 would be ideal. This town always votes left, time to put the $ where the mouth is. Time to understand that voting is not about expressing feelings, but about tangible consequences that can really ruin quality of life.
Oh, and don’t forget to vote for another extreme liberal for governor.
Remember, they own a lot of medical buildings throughout the town. They wonder do they pay tax on that property too. Because we’ve heard that they don’t. I’m not sure don’t quote us, I’m not sure what’s factual. Very curious. when Valley Hospital bought the medical building on E. Ridgewood Ave. by the duckpond the town was crying because they were going to lose tax money. Remember that.
They pay taxes on 1200 East Ridgewood Ave and every other medical office building they own in the Village.
https://wipp.edmundsassoc.com/Wipp/?wippid=0251#taxPage6437