Multi Vest Real Estate, Inc. v. Board of Assessment Review

In consolidated proceedings to review certain real property assessments by the Town of Hyde Park for the tax years 1975/1976 through 1978/1979, petitioners appeal from a judgment of the Supreme Court, Dutchess County, dated February 20, 1980, which dismissed the petitions at the close of petitioners’ evidence. Judgment reversed, on the law, and new trial granted, with costs to abide the event. Petitioners’ appraiser valued the improvements by capitalizing income, and valued the land in question based on two allegedly comparable sales, identified in his written appraisal. Both sales occurred…