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MATTER OF BROADWAY-SARANAC LAKE CORP. v. BD. OF ASSESSORS OF SARANAC LAKE

43 A.D.2d 649 (1973)

In the Matter of Broadway-Saranac Lake Corp., Respondent, v. Board of Assessors of Saranac Lake et al., Appellants

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

November 21, 1973

The petitioner Broadway-Saranac was the owner of commercial realty in the Village of Saranac Lake, Town of Harrietstown, New York, which was assessed by the respondent board for the years in question for real property tax purposes at $39,500. Broadway-Saranac commenced this proceeding to review this assessment and have it lowered. It was agreed by the parties that the equalization and assessment rate was 40%, and thus the only issue before us for review is the correctness...

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