Legal Opinion
50540 Realty, Inc. v. Tax Commission
Appellate Division of the Supreme Court of the State of New York
Decided January 25, 1988PublishedCited by 3 opinions
1Opinion of the Court
—In consolidated proceedings pursuant to Real Property Tax Law article 7 to review assessments of certain real property, the petitioners appeal from a judgment of the Supreme Court, Queens County (Kassoff, J.), dated August 23, 1982, which dismissed their petitions and confirmed the assessments.
Ordered that the judgment is affirmed, with costs.
As a general rule, an actual sale at arm’s length, if recent and not explained as extraordinary, is the best evidence of value for tax assessment purposes because it is directly reflective of the property’s market value and does not require the court to…
2Cases cited6 opinions
- Adirondack Mountain Reserve v. Board of AssessorsAppellate Division of the Supreme Court of the State of New York · 1984
- Matter of Adirondack Mountain Reserve v. Bd. of Assessors of the Town of N. HudsonNew York Court of Appeals · 1984
- Rice v. SrogiAppellate Division of the Supreme Court of the State of New York · 1979
- Mobil Oil Corp. v. Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1978
- Southern Westchester Associates v. Assessor of YonkersAppellate Division of the Supreme Court of the State of New York · 1986
1 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Norton Co. v. Assessor of WatervlietAppellate Division of the Supreme Court of the State of New York · 2002
- Blue Hill Plaza Associates v. Assessor(s) of the Town of OrangetownAppellate Division of the Supreme Court of the State of New York · 2001
- Niagara Mohawk Power Corp. v. Town of Tonawanda AssessorAppellate Division of the Supreme Court of the State of New York · 1996