MATTER OF LOWE'S HOME CTRS., INC. v. BOARD OF ASSESSMENT REVIEW AND/OR DEPT. OF ASSESSMENT REVIEW OF TOMPKINS COUNTY

515124

106 A.D.3d 1306 (2013)

965 N.Y.S.2d 657

2013 NY Slip Op 3532

In the Matter of LOWE'S HOME CENTERS, INC., Appellant, v. BOARD OF ASSESSMENT REVIEW AND/OR DEPARTMENT OF ASSESSMENT REVIEW OF TOMPKINS COUNTY, Respondent. (And Another Related Proceeding.)

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

Decided May 16, 2013.


Lahtinen, J.

Petitioner operates a Lowe's Home Center on 14.85 acres that it leases in the City of Ithaca, Tompkins County. The property includes a 134,574 square-foot building constructed in 2004, as well as an attached 27,200 square-foot garden center. Petitioner challenged in two proceedings respondent's $7,444,000 valuation of the property for the tax years 2008 and 2009. Petitioner's appraiser (James Szakacs) used comparable sales, income capitalization and reproduction...

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