Legal Opinion
D. S. Alamo Associates v. Commissioner of Finance
New York Court of Appeals
Decided February 17, 1988PublishedCited by 13 opinions
1Opinion of the Court
OPINION OF THE COURT
Simons, J.
Petitioner is the owner and developer of a newly constructed multiple dwelling in New York City and entitled to the tax exemption authorized by section 421-a of the Real Property Tax Law. The owners of such properties pay only a minimum or "mini tax” which is calculated not on the assessed value of the new improvement but by applying the current tax rate to the assessed value of the property in the year before construction began. The full benefit of the exemption may be claimed during the period of construction and for two years after construction is completed.…
2Cases cited14 opinions
- Kurcsics v. Merchants Mutual InsuranceNew York Court of Appeals · 1980
- John P. v. WhalenNew York Court of Appeals · 1981
- County of Herkimer v. Village of HerkimerAppellate Division of the Supreme Court of the State of New York · 1937
- Trump-Equitable Fifth Avenue Co. v. GliedmanNew York Court of Appeals · 1984
- County of Herkimer v. Village of HerkimerNew York Court of Appeals · 1939
9 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Moran Towing & Transportation Co. v. New York State Tax CommissionNew York Court of Appeals · 1988
- SIN, Inc. v. Department of FinanceNew York Court of Appeals · 1988
- Astoria Federal Savings & Loan Ass'n v. StateAppellate Division of the Supreme Court of the State of New York · 1996
- W.O.R.C. Realty Corp. v. Board of AssessorsAppellate Division of the Supreme Court of the State of New York · 2012
- Matter of Board of Mgrs. v. Assessor, City of BuffaloAppellate Division of the Supreme Court of the State of New York · 2017
8 more not listed; retrieve them via the Exa API.