MATTER OF GARLAND PROPS., INC. v. ASSESSOR OF THE CITY OF ELMIRA, NEW YORK


40 A.D.2d 566 (1972)

In the Matter of Garland Properties, Inc., Respondent, v. Assessor of the City of Elmira, New York, Appellant

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

July 6, 1972


On a claim of overvaluation petitioner brought this application for review of its real property assessment pursuant to article 7 of the Real Property Tax Law. Respondent Assessor of the City of Elmira appeals from a final order and judgment reducing the assessment on petitioner's commercial property located at 232-246 Water Street in said city for the years 1967 to 1970, inclusive. Petitioner's expert, using the capitalization of income approach, for lack of comparable sales...

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