The appellant appealed the property assessment of its industrial warehouse and office building for the 2013, 2014, and 2015 taxation years, which was assessed at $5,813,000.
Both parties used the direct sales comparison approach.
The Assessment Review Board rejected the appellant's proposed comparable properties due to differences in age and sale dates, and accepted two of the three comparable properties proposed by MPAC.
Applying adjustments for lot size, building age, height, and mezzanine value, the Board determined the current value to be $5,478,000.
No equity adjustment was made.
The assessment was reduced accordingly.