New York Appellate Court Upholds Denial of Taxpayer’s Property Tax Reduction Appeal

The New York Supreme Court, Appellate Division, affirmed the denial of a taxpayer’s tax certiorari petitions seeking reduced property tax assessments for three contiguous parcels totaling 322.36 acres for tax years 2017 and 2018. Approximately 225 acres of the property were enrolled in a forest land tax program. The court held that the taxpayer failed to meet its burden of proving overvaluation by a preponderance of the evidence. The court found deficiencies in the taxpayer’s appraisal methodology, including improper selection of comparable properties and failure to adequately consider recent sale prices. As a result, the challenged assessments were sustained. [Matter ...