People Ex Rel. Manhattan Railway Co. v. Woodbury
New York Court of Appeals
Appeal from an order of the Appellate Division of the Supreme Court in the first judicial department, entered February 10, 1911, which affirmed an order of Special Term reducing an assessment for purposes of taxation against special franchises of the relator. The facts, so far as material, are stated in the opinion.
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Appeal from an order of the Appellate Division of the Supreme Court in the first judicial department, entered February 10, 1911, which affirmed an order of Special Term reducing an assessment for purposes of taxation against special franchises of the relator. The facts, so far as material, are stated in the opinion. The amounts paid for rights to maintain an elevated structure, acquired by the relator and its predecessors from the abutting property owners, are not a part of the value of the special franchise. (People ex rel. Panama R. R. Co. v. Comrs., 104 N. Y. 240; People ex rel. Manhattan…
1Opinion of the CourtGray, J.
In this proceeding the relator, the Manhattan Railway Company, in the city of New York, has sought to review a determination of the state board of tax commissioners assessing its special franchises in the borough of Manhattan at $75,000,000, and in the borough of the Bronx at $3,500,000. ' The trial court has reduced the assessment in the borough of Manhattan to $66,661,930.05 and has confirmed the assessment in the borough of the Bronx. In fixing the values of the relator’s, special franchises, the court applied the net earnings rule to the evidence, as it was laid down in the case of People…
2Cases cited1 opinion
- People Ex Rel. Jamaica Water Supply Co. v. State Board of Tax CommissionersNew York Court of Appeals · 1909
3Cited by22 opinions
- Roberts v. New York CitySupreme Court of the United States · 1935
- New Rochelle Water Co. v. MaltbieAppellate Division of the Supreme Court of the State of New York · 1936
- Tenneco, Inc.-Tennessee Gas Pipeline Division v. Town of CazenoviaAppellate Division of the Supreme Court of the State of New York · 1984
- People ex rel. Hudson & Manhattan Railraod v. State Board of Tax CommissionersNew York Court of Appeals · 1911
- People Ex Rel. Third Avenue Railroad v. State Board of Tax CommissionersNew York Court of Appeals · 1914
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