New York Court of Appeals
In the Matter of Malta Town Centre I, Ltd. v. Town of Malta Board of Assessment Review
November 18, 20043 N.Y.3d 563
Summary
The New York Court of Appeals held that participation in the annual reassessment aid program under RPTL 1573 constitutes evidence of a "revaluation or update of all real property" under RPTL 727(2)(a), thereby defeating Town Centre's summary‑judgment motion; it reversed the Appellate Division and remanded the case for further proceedings. Justice R.S. Smith dissented, arguing that the annual systematic analysis does not meet the statutory revaluation requirement.