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Article: Nassau Cty ordered to reassess Class I. (Nassau County Supreme Court, New York State rules assessment methods used for homes and small condominiums unconstitutional)
- Article from:
- Real Estate Weekly
- Article date:
- January 20, 1993
- Author:
CopyrightCOPYRIGHT 1993 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A Nassau County Supreme Court judge ruled recently that the county should reassess its homes and small condominiums because its assessing methods are unconstitutional.
That county has not been reassessed since 1938 and lawyers argued land values and market values are no longer assessed at a uniform percentage of value throughout the county's disparate towns.
Jay M. Herman, a tax certiorari partner with Koeppel, Martone, Leistman & Herman who represented some of the petitioners, said the county uses 1938 construction costs but has not updated or revalued the properties in 50 years.
While Justice Leo F. McGinity said using the cost of construction ...