MATTER OF MUT. LIFE INS. CO. OF NEW YORK v. TAX COMM'N OF THE CITY OF NEW YORK


33 A.D.2d 750 (1969)

In the Matter of The Mutual Life Insurance Company of New York, Appellant-Respondent, v. Tax Commission of the City of New York, Respondents-Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

December 4, 1969


Order entered July 24, 1968, modified on the law and the facts to reinstate and confirm the assessed valuation of the land at $1,650,000 for the tax year 1967-68, and otherwise affirmed without costs or disbursements.

The city's expert's estimation of land value was supported by nine sales illustrative of a dramatically rising trend. His opinion was not offset by any proof to the contrary by petitioner-appellant, whose burden it was to prove such assessment erroneous...

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