Opinion
March 12, 1952.
Appeal from Supreme Court.
Present — Foster, P.J., Heffernan, Brewster, Bergan and Coon, JJ.
The petition alleges over-valuation and inequality, which were the issues litigated. The property consists of a large one-family residence constructed in 1930 at a cost, including land and building, of $95,000. The cost was materially increased by the incorporation in the residence of many peculiarities of construction, design and decoration to suit the particular tastes and desires of petitioners, but which add little, if any, value to the premises. The premises had been listed for sale with real estate agencies and extensively advertised prior to this assessment at a price of $55,000, without success. The evidence establishes that changed conditions have rendered large residences of this type less desirable and reduced their value. The Official Referee has found that the full value of the premises was $55,000 at the time of the assessment, and that property generally was assessed at 50% of its full value in the taxing area for the year 1949. The record contains ample evidence to sustain such findings. Order and judgment unanimously affirmed, with costs.