Prince Wooster Corp. v. Tax Commission

OPINION OF THE COURT

Margaret Mary J. Mangan, J.

Petitioner moves for summary judgment on the grounds that the increase in the building assessment on its property located at 127-29 Prince Street (Block 515, Lot 37) for the 1981/1982 tax year is contrary to subdivision 9 of section 489 of the Real Property Tax Law.

Section 489 of the Real Property Tax Law is the enabling legislation for section J51-2.5 of the Administrative Code of the City of New York, commonly referred to as the J51 law. It confers three benefits for the rehabilitation of substandard dwellings. The first is an abatement which…