Cheryl Furlong

The appellant appealed the property assessment of a funeral home with an attached residence for the 2014, 2015, and deemed 2016 taxation years.

The property was assessed at $625,000.

The appellant argued the value should be $400,000, while MPAC recommended a reduction to $581,000 based on an equity adjustment.

The Assessment Review Board found that MPAC met its burden of proving the current value of $625,000 using the direct sales comparison approach.

However, applying an equity adjustment, the Board reduced the final assessment to $581,000.