Petitioner, the owners' management board of a condominium complex (hereinafter the property) in the Village of Lake Placid, Town of North Elba, Essex County, seeks reduction of the real property tax assessments of the subject condominiums for the tax year commencing August 1, 1994. The property, which consists of 2.28 acres of land, improved with three buildings containing 12 residences each...
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