Legal Opinion
111 Fourth Avenue Associates v. Finance Administration
New York Supreme Court
Decided July 18, 1979PublishedCited by 5 opinions
1Opinion of the Court
OPINION OF THE COURT
Bentley Kassal, J.
ISSUE
The issue in this CPLR article 78 proceeding is which assessed valuation shall be used as the base figure in computing a "J51” real estate tax exemption (pursuant to Adminis*951trative Code of City of New York, § J51-2.5; Real Property Tax Law, § 489)?
FACTS
On December 30, 1976, the petitioner acquired title to a 14-story loft building in Manhattan for $700,000, which premises had been assessed at $1,600,000 for the tax year 1976/1977 (commencing July 1, 1976). On the basis of the purchase price, the assessed valuation was reduced to $700,000 for…
2Cases cited3 opinions
- Gaden v. GadenNew York Court of Appeals · 1971
- Anderson v. Board of EducationAppellate Division of the Supreme Court of the State of New York · 1974
- F. O. R. Holding Co. v. Board of Assessors of Town of ClarkstownAppellate Division of the Supreme Court of the State of New York · 1974
3Cited by5 opinions
- 600 West 183rd Street Corp. v. TishelmanNew York Supreme Court · 1980
- 9281 Shore Road Owners Corp. v. Commissioner of FinanceNew York Supreme Court · 2013
- Linden Hill No. 2 Cooperative Corp. v. TishelmanNew York Supreme Court · 1981
- Prince Wooster Corp. v. Tax CommissionNew York Supreme Court · 1982
- Ronald Associates No. 2 v. MichaelAppellate Division of the Supreme Court of the State of New York · 1983