The appellants appealed the property assessment of their property, which had been contaminated by a formaldehyde spill from a transport truck accident.
The appellants argued the property had no market value and the assessment should be reduced to zero until remediation was complete.
MPAC presented comparable sales supporting an assessment of $320,000.
The Assessment Review Board found that while the spill occurred and the property remained vacant, the appellants provided no quantitative evidence to substantiate the impact of the spill or stigma on the current value.
The Board reduced the 2013 assessment to $320,000 and confirmed the 2014 and deemed 2015 assessments at $320,000.