Ordered that the order is affirmed, with costs.
The petitioner, Archstone Communities Trust (hereinafter Archstone), is the owner of a parcel of real property which was, for the 2008/2009 tax year, assessed as having a full market value of $63,248,020. Upon assessment, Archstone filed a correction application, asserting that the full market value should be reduced to $1,517,950. While no explanation was initially provided for this significant reduction, it was later...
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