Matter of Town of Brookhaven v. New York State Bd. of Equalization & Assessment

In Matter of Town of Brookhaven v. New York State Bd. of Equalization & Assessment (88 NY2d 354 [1996]), the Court of Appeals held that, pursuant to RPTL 545, transition assessments are payable on account of the State acquisition of the Shoreham nuclear plant; the Court remanded the matter to the Supreme Court with directions to remand to the respondent for a determination of "what effect, if any, judicial reductions in the assessed valuation of Shoreham will have on entitlement to transition assessments and the amounts thereof."