ROSEN v. TROY ASSESSOR


261 A.D.2d 9 (1999)

699 N.Y.S.2d 787

In the Matter of PEARL ROSEN et al., Appellants, v. ASSESSOR OF THE CITY OF TROY et al., Respondents.

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

December 16, 1999.


Attorney(s) appearing for the Case

Marvin I. Honig, Melrose, for appellants.

Patrick T. Morphy, Corporation Counsel of City of Troy (Audrey V.A. Bullen of counsel), for respondents.

MERCURE, J. P., PETERS, CARPINELLO and GRAFFEO, JJ., concur.


OPINION OF THE COURT

SPAIN, J.

In September 1996 petitioners,1 owners of an improved parcel of property located in the City of Troy, Rensselaer County, initiated a proceeding pursuant to RPTL article 7 challenging the property's 1996 assessed value. Thereafter, upon the parties' mutual agreement, respondents reduced the 1996 assessment from $306,340 to $215,000. The agreement was memorialized in a stipulation and order entered...

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