Legal Opinion
MATTER OF WERB v. De Garmo
New York Court of Appeals
Decided April 3, 1984PublishedCited by 4 opinions
APPEARANCES OF COUNSEL
1Opinion of the Court
OPINION OF THE COURT
Memorandum.
The judgment appealed from and order brought up for review should be affirmed, with costs.
Appellants, owners of a 28-building apartment complex, commenced this tax certiorari proceeding to review the assessments on their property for the tax years 1977-1978, 1978-1979 and 1979-1980. The court relied primarily on the income capitalization method for determining the value of the property. Deducted from annual gross income were amounts representing items of expense, including maintenance. Part of the maintenance expense was a reserve for replacing the items of…
2Cases cited1 opinion
- MATTER OF MARINE MIDLAND PROPS. CORP. v. SrogiNew York Court of Appeals · 1983
3Cited by4 opinions
- Long Island Lighting Co. v. Assessor for BrookhavenAppellate Division of the Supreme Court of the State of New York · 1994
- Blue Hill Plaza Associates v. Assessor of OrangetownAppellate Division of the Supreme Court of the State of New York · 1996
- D. P. C. Reconstruction Finance Corp. v. Assessor of JohnsburgAppellate Division of the Supreme Court of the State of New York · 1988
- Third I. C. M. Realty Co. v. Town of CamillusAppellate Division of the Supreme Court of the State of New York · 1985