Vanadium Corp. of America v. Board of Assessors of Niagara

Vanadium Corporation of America has instituted proceedings to review the tax assessments upon its real property located in the Town and County of Niagara, New York, for the tax years 1957 to 1960, inclusive. The proceedings for the tax years 1957 and 1958 are brought pursuant to article 13 of the Tax Law; the 1959 and 1960 proceedings pursuant to article 7 of the Real Property Tax Law.

The overvaluations challenged in each of the years amount to $2,291,300 for land and improvements, and it is claimed that such valuations should be reduced to $955,400 for the years 1957, 1958 and 1959 and to…