FMC Corp. (Peroxygen Chemicals Division) v. Unmack

Judgment unanimously reversed on the law without costs and petitions dismissed. Memorandum: Petitioner commenced these consolidated proceedings pursuant to article 7 of the Real Property Tax Law challenging as excessive respondents’ assessments of its property for the 1992 through 1994 tax years. The subject property is an industrial complex consisting of 15 buildings on a 12-acre site adjacent to the Niagara River in the Town of Tonawanda. From the time the complex was constructed in the mid-1920s, it has been used as a chemical manufacturing plant. At trial petitioner presented a market…