The appellant appealed the property assessments for a residential waterfront property and an adjacent vacant lot for the 2023, 2024, and 2025 taxation years.
The appellant argued the assessments should be significantly reduced due to an oil spill contamination that occurred in 2012.
The Assessment Review Board determined the base current values using comparable sales, then applied a reduction based on the sale of a similarly contaminated property, which sold for 36.84% of its uncontaminated market value.
The Board reduced the assessment of the subject property from $369,000 to $88,000, and the vacant property from $158,000 to $39,000.
