New York Supreme Court Reclassifies Brooklyn Property, Corrects Tax Assessment Errors

The New York Supreme Court issued a decision granting taxpayer’s petition to reclassify a property and correct tax assessments. The case involved a dispute over the classification of a vacant land parcel in Brooklyn, which had been incorrectly categorized as Building Class V1 and Tax Class 4 from Fiscal Year 2017 through 2023. The court found that the Department of Finance’s classification was erroneous, as the property should have been classified as Building Class V0 and placed in Tax Class 1 under the relevant statutes. The court’s decision was based on the property’s status as a vacant, unimproved lot outside ...