Gibson v Gleason
About This Legal Opinion
Petitioner is the owner of a 440-acre crop farm in the Town of Stuyvesant, Columbia County. The parcel that is the subject of these proceedings pursuant to RPTL article 7 encompasses 307 acres. The property, which is used for farming, is improved by a modest residence and a number of outbuildings, and is encumbered by a conservation easement. year. Respondent assessed the property at $702,100 for tax years 2002 and 2003, allocating $399,600 to the value of the land and $302,500 to the value of the improvements.
Petitioner commenced two proceedings challenging the assessments, essentially asserting that the assessed value was excessive because it should have been reduced by the full value of the conservation easement, for which petitioner had been paid $580,589, and pursuant to which the right to develop the property was relinquished in perpetuity.
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