21 A.D.2d 801 | N.Y. App. Div. | 1964
In consolidated proceedings to review the assessments of certain real property in the Borough of Queens, City of New York, for taxation for the tax years hereinafter mentioned, the parties cross-appeal as follows from a final order of the Supreme Court, Queens County, made March 19, 1963, upon the court’s decision after a nonjury trial, which reduced the assessment for 1959-60 from $1,175,000 to $1,120,000; for 1960-61 from $6,350,000 to $5,775,000; and for 1961-62 from $6,350,000 to $5,875,000: The Tax Commission of the City of New York appeals from the entire order. The petitioner appeals from said order insofar as it failed to direct further reductions. Order modified on the facts by further reducing the assessments to the following amounts:
Tax Years Unimproved Improved
1959-60 $ 750,000 $ 750,000
(improvement
not completed)
1960-61 1,000,000 5,400,000
1961-62 1,000,000 5,400,000
As so modified, order, insofar as appealed from by the respective parties, affirmed, with costs to petitioner. Findings of fact inconsistent herewith are reversed and new findings are made as indicated herein. Our calculation of the reproduction cost of the improvement, which took into consideration increased costs from the period of construction to the respective tax status dates, and also
