Legal Opinion
People ex rel. New York Central Railroad v. Thompson
New York Supreme Court
Decided March 4, 1935PublishedCited by 5 opinions
1Opinion of the Court
Rodenbeck, Referee.
The property of the New York Central Railroad Company in the town of Ontario, N. Y., has been over-assessed. The assessors were required to assess the property at full value and in arriving at the assessed value they were required to consider the earnings of the road. They cannot assess such property more than the cost of reproduction less depreciation, but if the road is not a paying property it cannot be assessed solely upon the basis of cost of reproduction less depreciation. (People ex rel. D., L. & W. R. R. Co. v. Clapp, 152 N. Y. 490.) The cost of reproduction less…
2Cases cited7 opinions
- McAnarney v. Newark Fire InsuranceNew York Court of Appeals · 1928
- People Ex Rel. D., L. W.R.R. Co. v. . ClappNew York Court of Appeals · 1897
- Sloan v. . BairdNew York Court of Appeals · 1900
- People ex rel. Ogdensburgh & L. C. R. R. Co. v. PondNew York Supreme Court · 1882
- People ex rel. Powers v. KalbfleischAppellate Division of the Supreme Court of the State of New York · 1898
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Bade v. DrachmanCourt of Appeals of Arizona · 1966
- People ex rel. Lehigh Valley Railway Co. v. HarrisNew York Supreme Court · 1938
- People ex rel. New York, Ontario & Western Railway Co. v. RosensheinAppellate Division of the Supreme Court of the State of New York · 1948
- People ex rel. New York Central Railroad v. GriffinNew York Supreme Court · 1939
- Bade v. DrachmanCourt of Appeals of Arizona · 1966