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Property tax assessment reduced to $425,000 based on comparable sales and lack of municipal services.
The appellants appealed the property tax assessment of their waterfront residential property for the 2017 and 2018 taxation years.
MPAC assessed the property at $511,000, while the appellants argued for a value of $424,780 based on comparable sales and the lack of municipal services in their township.
The Assessment Review Board found that the best comparable sale supported a value of $425,000, noting that the lack of fire services and distance from the highway offset the subject property's superior features.
The appeal was allowed and the assessment was reduced to $425,000.
No co-appearing lawyers found.
No judges found.