Legal Opinion · Concurring in part, dissenting in part
Tenneco, Inc.-Tennessee Gas Pipeline Division v. Town of Cazenovia
Appellate Division of the Supreme Court of the State of New York
Decided August 23, 1984Published
1Concurring in part, dissenting in partKane, J.
Kane, J. (dissenting in part and concurring in part). Assessments in the Town of Cazenovia are measured on the basis of 100% of value. Both parties stipulate that the reproduction cost for the 4.62 miles of pipeline in question would be $1,800,000. The record demonstrates that its original cost in 1951 was $380,000 and that there have been no added capital costs in the Town of Cazenovia. The question to be resolved in this proceeding is to determine the fair market value of petitioner’s real property as of May 1, 1981.
The definition of market value, accepted by the American Institute of Real…
2Cases cited5 opinions
- Hellerstein v. Assessor of IslipNew York Court of Appeals · 1975
- Great Atlantic & Pacific Tea Co. v. KiernanNew York Court of Appeals · 1977
- People ex rel. Toppping v. PurdyAppellate Division of the Supreme Court of the State of New York · 1911
- People Ex Rel. Topping v. . PurdyNew York Court of Appeals · 1911
- Brooklyn Union Gas Co. v. State Board of Equalization & AssessmentAppellate Division of the Supreme Court of the State of New York · 1984