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CITY OF NEW YORK v. NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL

279 A.D.2d 277 (2001)

718 N.Y.S.2d 70

CITY OF NEW YORK, Respondent, v. NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL, Appellant, RENT STABILIZATION ASSOCIATION OF NEW YORK CITY et al., Intervenors-Appellants, and MET COUNCIL ON HOUSING et al., Intervenors-Respondents.

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

Decided January 9, 2001.

The IAS Court correctly held that Local Law 73, which amended Administrative Code of the City of New York § 26-405 (a) (3) to provide that "[c]apital value shall be equalized assessed valuation based upon the appropriate tax class ratio which is established pursuant to article twelve of the real property tax law" instead of RPTL article 12-A, is not in violation of the Urstadt Law (McKinney's Uncons Laws of NY § 8605...

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