ACO Realty Corp. v. Srogi

Order unanimously modified and, as modified, affirmed, with costs to petitioners, in accordance with the following memorandum: The City of Syracuse appeals from an order (affecting 18 unconsolidated cases) which, inter alia, directed a hearing be held to determine the interest to be paid by the city on refunds due successful taxpayers in proceedings commenced by them pursuant to article 7 of the Real Property Tax Law. In their motion for summary judgment, the taxpayers contend that the maximum interest rate of 3% established in section 3-a of the General Municipal Law constitutes an…