Commercial Structures, Inc. v. City of Syracuse

— Order and judgment affirmed, with costs. All concur, Simons, J., not participating. Memorandum: In these tax certiorari proceedings for the years 1977 through 1981, the court rejected the determinations of full market value made by the referee but otherwise generally adopted the referee’s findings. From those findings, it was apparent that the full market value as stated by the referee was not a mathematically possible result, utilizing the capitalization of income formula. Having adopted the referee’s findings of income, expenses and capitalization rate, the court merely recomputed full…