Town of Shandaken v. State Board of Equalization & Assessment

OPINION OF THE COURT

Sweeney, J. P.

Petitioner Town of Shandaken was ordered by the Supreme Court in 1977 to assess all real property within its borders at 100% of actual value. In assessing the extensive State forest lands within its borders, petitioner’s assessors arrived at a figure of $14,061,740 while respondent State *180Board of Equalization and Assessment (SBEA) maintained that the State land was worth only $10,863,370. In addition, a matter which was the subject of administrative review in early 1981 was whether respondent had applied the proper equalization rate to assessment roll…