MATTER OF MARINE MIDLAND PROPS. CORP. v. SROGI


60 N.Y.2d 885 (1983)

In the Matter of Marine Midland Properties Corporation, Respondent, v. Robert Z. Srogi, as Commissioner of Assessment of the City of Syracuse, Appellant.

Court of Appeals of the State of New York.

Decided November 22, 1983.


Attorney(s) appearing for the Case

David M. Garber, Corporation Counsel (Jan S. Kublick of counsel), for appellant.

John R. Varney and William L. Allen, Jr., for respondent.

Chief Judge COOKE and Judges JASEN, JONES, WACHTLER, MEYER and KAYE concur; Judge SIMONS taking no part.


MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs.

Petitioner brought this proceeding to challenge the 1975 through 1979 tax assessments on its bank and office building, which was leased to petitioner's affiliate. The dispute centers on whether, in applying the income capitalization method, the actual rent charged, or some lower figure, should be used as a basis for determining the value...

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