People ex rel. New York, Ontario & Western Railway Co. v. Rosenshein

Appeals by the defendants from the final orders entered in Sullivan County on the 15th day of February, 1947, in seven certiorari proceedings covering the assessment years of 1936 to 1942, both inclusive. No objection is taken to that part of said orders which approved, confirmed and adopted the findings and decision of the referee as to the cost new less physical depreciation of the relator’s property or as ‘to the value of the relator’s land within the town of Fallsburgh used in its railroad operations. The objection arises over the adoption and use of an economic depreciation rate which…