Werb v. De Garmo

— Judgment unanimously modified and, as modified, affirmed, without costs, and matter remitted to Supreme Court, Onondaga County, for further proceedings, in accordance with the following memorandum: In this tax certiorari proceeding involving an apartment complex, the trial court properly deducted, as an expense, the cost of “reserves for replacement” covering such items as stoves, refrigerators, and carpeting (Matter of Willowbrook Assoc, v Finance Administrator of City of N. Y., 77 AD2d 901, 903; International Assn, of Assessing Officers, Property Assessment Valuation, pp 219-220, 224).…