A & P TEA CO. v. KIERNAN


42 N.Y.2d 236 (1977)

In the Matter of Great Atlantic & Pacific Tea Company, Inc., Appellant, v. Thomas J. Kiernan, as Assessor of the Town of Horseheads, et al., Respondents.

Court of Appeals of the State of New York.

Decided July 5, 1977.


Attorney(s) appearing for the Case

Edward B. Hoffman for appellant.

Louis J. Mustico for respondents.

Chief Judge BREITEL and Judges JASEN, JONES, WACHTLER, FUCHSBERG and COOKE concur.


GABRIELLI, J.

In this tax certiorari proceeding the issue presented for review is the proper method of valuation of appellant's property, one of the world's largest food processing plants. Respondent tax officials contend that the property is a specialty and thus the reproduction cost-less depreciation method should be utilized in establishing the value of the property for tax assessment purposes, while appellant...

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