Rosen v. Assessor of Troy

OPINION OF THE COURT

George B. Ceresia, Jr., J.

Petitioners, on September 15, 1998, commenced the above-captioned proceeding pursuant to article 7 of the Real Property Tax Law seeking review of the real property tax assessment on the premises commonly known as Barkley Heights Apartments, 221 Stowe Avenue in the City of Troy. Respondents have made a motion to dismiss the petition. It is indicated that petitioners had filed a similar petition in 1996, and that the 1996 proceeding was settled by written stipulation dated April 14, 1997, which reduced the 1996 assessment from $306,340 to $245,000.…