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Board of Taxation approves settlement in Rancor Properties appeal over Ocean City development-fee ordinance
Summary
At its June 17, 2025 meeting, the Cape May County Board of Taxation approved settlement stipulations in Rancor Properties LLC v. Ocean City, a tax appeal centered on differing interpretations of Ocean City ordinance #18-22 concerning residential development fees.
At its June 17, 2025 meeting in Cape May Court House, the Cape May County Board of Taxation approved settlement stipulations in the tax appeal Rancor Properties LLC v. Ocean City, a dispute over the implementation of Ocean City ordinance #18-22 on residential development fees. The settlement was approved on a motion by Elizabeth A. Barry, seconded by Lu Ann…
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