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MATTER OF ARSENAL HOUSING ASSOCIATES v. CITY ASSESSOR OF CITY OF WATERTOWN

298 A.D.2d 830 (2002)

747 N.Y.S.2d 814

In the Matter of ARSENAL HOUSING ASSOCIATES, Appellant, v. CITY ASSESSOR OF CITY OF WATERTOWN et al., Respondents. (Proceeding No. 1.) In the Matter of ARSENAL HOUSING ASSOCIATES, Appellant, v. CITY ASSESSOR OF CITY OF WATERTOWN et al., Respondents. (Proceeding No. 2.)

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

Decided October 1, 2002.

It is hereby ordered that the order and judgment so appealed from be and the same hereby is unanimously modified on the law by granting the petition challenging the assessment for the 1997 tax year and reducing the assessment for that tax year to $11,815,000 and as modified the order and judgment is affirmed without costs.

Memorandum:

By submitting the appraisal of an experienced appraiser who utilized an accepted method of valuation, petitioner met its "minimal...

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