In re Goodrich Silvertown, Inc.

Appellate Division of the Supreme Court of New York

In re Goodrich Silvertown, Inc.

245 A.D. 796

Appellate Division of the Supreme Court of the State of New York·Decided June 15, 1935·Published

Opinion

Appeal from a certiorari order correcting and reducing an assessment for 1933 in the city of Albany. The property was assessed at $100,000, $15,000 for the land and $85,000 for the building. The relator does not complain of the land assessment, but contends that the building should be assessed for a value of $30,000; in all, $45,000. The premises were assessed in 1932 for $70,000 by the board of review. A fireproof brick, tile and concrete building was erected in 1931 by the owner at a cost of $48,600. The city’s building expert admits a reduction in cost of construction in 1932 of ten per cent. The Special Term found an over-valuation and also inequality, and after considering depreciation, fixed the value of the land at $16,200, and the building at $37,260, a total of $53,460. Judgment and order unanimously affirmed, with costs. Present — Hill, P. J., Rhodes, McNamee, Crapser and Bliss, JJ.

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Appeal from a certiorari order correcting and reducing an assessment for 1933 in the city of Albany. The property was assessed at $100,000, $15,000 for the land and $85,000 for the building. The relator does not complain of the land assessment, but contends that the building should be assessed for a value of $30,000; in all, $45,000. The premises were assessed in 1932 for $70,000 by the board of review. A fireproof brick, tile and concrete building was erected in 1931 by the owner at a cost of $48,600. The city’s building expert admits a reduction in cost of construction in 1932 of ten per cent. The Special Term found an over-valuation and also inequality, and after considering depreciation, fixed the value of the land at $16,200, and the building at $37,260, a total of $53,460. Judgment and order unanimously affirmed, with costs. Present — Hill, P. J., Rhodes, McNamee, Crapser and Bliss, JJ.

In re Goodrich Silvertown, Inc., 245 A.D. 796 (N.Y. Ct. App. 1935).

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