In the Matter of Commerce Holding Corp., Respondent v. Board of Assessors of the Town of Babylon, Appellants

Summary

The New York Court of Appeals affirmed the Appellate Division's order, holding that environmental contamination must be considered in assessing real property for tax purposes, that the constitutional full‑value requirement cannot be overridden by policy arguments, and that deducting the total remaining cleanup costs is an acceptable valuation method.