Niagara Mohawk Power Corp. v. Town of Floyd Assessor

OPINION OF THE COURT

Anthony F. Shaheen, J.

Petitioner Niagara Mohawk Power Corporation commenced these three proceedings under RPTL article 7, challenging the assessed value for tax years 1998, 1999 and 2000 of two parcels of property containing transmission and distribution lines used to transmit electricity.

These same two parcels were also the subject of tax certiorari petitions for the years 1994 through 1997. After significant and lengthy negotiations, the parties agreed to settle only the 1994-1997 proceedings, even though the 1998 and 1999 proceedings were pending at the time of…