Niagara Mohawk Power Corp. v. Town of Watertown Board of Assessors

Judgment unanimously affirmed without costs. Memorandum: A municipality has the authority to rescind the business investment tax exemption previously granted to a property owner pursuant to Real Property Tax Law § 485-b (Matter of Niagara Mohawk Power Corp. v Town of Clay Bd. of Assessors, 208 AD2d 170). Real Property Tax Law § 553 sets forth the procedural steps that the assessors must follow when seeking to rescind the exemption after the filing of the final assessment roll and before issuance of the tax warrant. In the case of the Town of Watertown respondents, the Board of Assessment…