Walker v. Board of Assessors
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Thompson, J. P.
Section 485-b of the Real Property Tax Law, enacted in 1976, created the availability of a declining 10-year tax exemption for real property “constructed, altered, installed or improved * * * for the purposes of commercial, business or industrial activity” (subd 1). Pursuant to the statutory scheme, in the first year qualified property is exempt to the extent of 50% of the increase in assessed value thereof attributable to the construction or improvement. The exemption is thereafter reduced by 5% in each of the succeeding 9 years of the 10-year period (Real…
2Cases cited8 opinions
- Newsday, Inc. v. Town of HuntingtonNew York Court of Appeals · 1982
- Newsday, Inc. v. Town of HuntingtonAppellate Division of the Supreme Court of the State of New York · 1981
- People ex rel. Oswego Falls Corp. v. FosterAppellate Division of the Supreme Court of the State of New York · 1937
- People Ex Rel. Oswego Falls Corporation v. FosterNew York Court of Appeals · 1938
- Walker v. Board of AssessorsNew York Supreme Court · 1983
3 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Corporate Property Investors v. Board of AssessorsAppellate Division of the Supreme Court of the State of New York · 1989
- Bowery Savings Bank v. Board of Assessors of the County of NassaNew York Court of Appeals · 1992
- Coliseum Towers Associates v. LivingstonAppellate Division of the Supreme Court of the State of New York · 1989
- Jericho Union Free School District No. 15 v. Board of AssessorsAppellate Division of the Supreme Court of the State of New York · 1987
- Corporate Property Investors v. Board of AssessorsAppellate Division of the Supreme Court of the State of New York · 1994
2 more not listed; retrieve them via the Exa API.