Garth Allen

The appellants appealed the property assessment of their motel, arguing that it should be valued as a hotel using a net income approach rather than the Gross Income Multiplier (GIM) approach used by the Municipal Property Assessment Corporation (MPAC).

The Assessment Review Board rejected the appellants' proposed methodology, finding their witness unqualified to give expert valuation evidence and noting the lack of market-tested data.

The Board accepted MPAC's GIM approach, which relied on comparable sales of similar motel properties, and confirmed the assessment at $1,448,000.