Krebs v. Board of Assessors
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
We disagree with the petitioner’s contention that the trial court erred, as a matter of law, by not accepting the lease for a portion of the subject property as evidence of its value. The value of land and of improvements thereto should be determined, for tax purposes, as a finding of fact (see, Matter of Shubert Org. v Tax Commn., 60 NY2d 93, 97). It is well settled that comparable sales are the most accurate standard for property valuation, but in the absence of sufficiently reliable market data, alternative methods may be employed (see, Matter of Allied Corp. v Town of Camillus, 80 NY2d…
2Cases cited10 opinions
- Allied Corp. v. Town of CamillusNew York Court of Appeals · 1992
- Merrick Holding Corp. v. Board of AssessorsNew York Court of Appeals · 1978
- Shubert Organization, Inc. v. Tax CommissionNew York Court of Appeals · 1983
- Long Island Lighting Co. v. Assessor for BrookhavenAppellate Division of the Supreme Court of the State of New York · 1994
- City of Rochester v. BSF Realty, Ltd.Appellate Division of the Supreme Court of the State of New York · 1977
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3Cited by7 opinions
- Alexander's Department Store of Valley Stream, Inc. v. Board of AssessorsAppellate Division of the Supreme Court of the State of New York · 1996
- Markham v. ComstockAppellate Division of the Supreme Court of the State of New York · 2007
- Caldor, Inc. v. Board of AssessorsAppellate Division of the Supreme Court of the State of New York · 1996
- 495 Central Avenue Corp. v. Town of GreenburghAppellate Division of the Supreme Court of the State of New York · 1997
- Federal Express Corp. v. Board of AssessorsAppellate Division of the Supreme Court of the State of New York · 1998
2 more not listed; retrieve them via the Exa API.