Hurd v. City of Buffalo

In 1971-1972 the City of Buffalo levied a real property tax of $73,923,246, including $23,327,290 for pension *403and retirement payments, upon the taxable real estate in the city. The five-year average full valuation of the taxable real estate, as defined in section 10 of article VIII of the New York •State Constitution1, was $1,975,599,114. The 2% real property tax. limit, as imposed by section 10 of article VIII of the Constitution, was $39,511,982 and the amount for interest and principal on capital outlay was $16,703,951, totaling $56,215,933, which were concededly proper tax levies under…