Triple Five Group, the owner of New Jersey’s American Dream megamall, is seeking to recover $183 million in overpaid property taxes from East Rutherford. The dispute centers on the mall’s property tax assessment, which Triple Five argues is excessively high. The East Rutherford land, assessed at over $3 billion, is part of a tax-exempt, state-owned property, with Triple Five making payments in lieu of taxes. The developers claim the mall’s valuation is far above similar properties in the state.
Triple Five Group
