Judgment unanimously affirmed, with costs to petitioner.
Memorandum:
In this tax certiorari proceeding the trial court reduced assessments by almost half. In using the income approach to value, the court relied on the subject's actual rent, and, contrary to respondent's assertion, we find no error in its doing so. Although actual income may be disregarded if it does not reflect full value (Matter of Merrick Holding Corp. v Board of Assessors of County of...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
