Harrison Realty Corp. v. Town of Harrison

Harrison Realty Corp. (Realty Corp.) appeals from the Tax Court determination of the true value of its industrial property in the Town of Harrison (Harrison) as of the October 1, 1994 real property assessment date for tax year 1995, in an amount slightly higher than the prior assessments. On its appeal from the Tax Court’s finding that the true value of the subject property on the assessing date was $4,201,600,1 Realty Corp. argues that the judge either ignored or did not give sufficient weight to the recent purchase price of the property just five months before the assessment date, used…