Kalski v. Fitzgerald

Appeal from a judgment of Special Term confirming the report of a Referee which reduced assessments. The assessments reduced were the assessments from and including 1959 to and including 1964. *574The respondent purchased the property in 1948 for $65,000. The Referee’s valuation exclusive of allowance for stipulated inequality was $60,000, reduced to a taxable valuation of $45,000 by reason of the parties’ stipulation that properties in the City of Troy were assessed generally at 75% of their value. The amount paid by the respondent is evidence of value although by no means conclusive, and…