Magdalena Mo

The appellants appealed the Municipal Property Assessment Corporation's (MPAC) current value assessment of their residential property for the 2016 taxation year.

MPAC assessed the property at $7,399,000, while the appellants argued for a value of $5,600,000 based on locational disadvantages such as being on a corner lot with less privacy.

The Assessment Review Board rejected the appellants' expert evidence due to a lack of supporting analysis and reliance on outdated sales.

The Board preferred MPAC's comparable sales evidence and confirmed the assessment at $7,399,000.