New York Coffee & Sugar Exchange, Inc. v. Tax Commission

Appellate Division of the Supreme Court of New York

New York Coffee & Sugar Exchange, Inc. v. Tax Commission

7 A.D.2d 725, 180 N.Y.S.2d 685, 1958 N.Y. App. Div. LEXIS 3846

CourtAppellate Division of the Supreme Court of the State of New York

DecidedDecember 16, 1958

StatusPublished

This text of 7 A.D.2d 725 (New York Coffee & Sugar Exchange, Inc. v. Tax Commission) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

New York Coffee & Sugar Exchange, Inc. v. Tax Commission, 7 A.D.2d 725, 180 N.Y.S.2d 685, 1958 N.Y. App. Div. LEXIS 3846 (N.Y. Ct. App. 1958).

Pincite

Opinion

Order unanimously reversed on the facts, with costs to petitioner-appellant and the' petitions granted to the extent of reducing the assessments for the years 1952-53, 1953-54, 1954-55, 1955-56 and 1956-57 and fixing the assessments as follows:

Lot Land Building Total

5 $335,000 $67,500 $402,500

8 130,000 15,000 145,000

10 110,000 15,000 125,000

There was some testimony of an upward trend in land values commencing in 1955 but such testimony was insubstantial and was not supported by the appraisals of either the petitioner’s or respondent’s expert. Nor, on the present record, was a change in value for the last two tax years under review reflected in the assessments. In arriving at our decision, we did not deem it necessary to take into consideration the contract of sale, which the court below refused to receive in evidence. Settle order. Concur — Breitel, J. P., Rabin, M. M. Frank, McNally and Stevens, JJ.

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Order unanimously reversed on the facts, with costs to petitioner-appellant and the' petitions granted to the extent of reducing the assessments for the years 1952-53, 1953-54, 1954-55, 1955-56 and 1956-57 and fixing the assessments as follows:

Lot Land Building Total

5 $335,000 $67,500 $402,500

8 130,000 15,000 145,000

10 110,000 15,000 125,000

There was some testimony of an upward trend in land values commencing in 1955 but such testimony was insubstantial and was not supported by the appraisals of either the petitioner’s or respondent’s expert. Nor, on the present record, was a change in value for the last two tax years under review reflected in the assessments. In arriving at our decision, we did not deem it necessary to take into consideration the contract of sale, which the court below refused to receive in evidence. Settle order. Concur — Breitel, J. P., Rabin, M. M. Frank, McNally and Stevens, JJ.

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Bluebook (online)

7 A.D.2d 725, 180 N.Y.S.2d 685, 1958 N.Y. App. Div. LEXIS 3846, Counsel Stack Legal Research, https://law.counselstack.com/opinion/new-york-coffee-sugar-exchange-inc-v-tax-commission-nyappdiv-1958.