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MATTER OF TOWNE HOUSE VILL. CONDO. v. ASSESSOR OF THE TOWN OF ISLIP

200 A.D.2d 749 (1994)

607 N.Y.S.2d 87

In the Matter of Towne House Village Condominium, Appellant, v. Assessor of the Town of Islip et al., Respondents

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

January 31, 1994

Ordered that the judgment is reversed, on the law, with costs, the petition is granted, and the matter is remitted to the Supreme Court, Suffolk County, for entry of an appropriate judgment.

Prior to April 1989, the subject property was operated as a 150-unit residential apartment complex. For the 1988/89 tax year, the Assessor for the Town of Islip assessed the property at $2,250,000. On April 28, 1989, the property was...

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