1 total
Property tax assessment reduced to account for effective lot size and locational characteristics.
The appellant appealed the supplementary property tax assessment for a newly occupied residential dwelling for the 2022 and 2023 taxation years.
The Assessment Review Board determined the 2016 current value of the property using the direct sales comparison approach, adjusting for the property's effective lot size due to a large rock outcropping and its location on a dead-end street.
The Board reduced the 2023 assessment from $465,000 to $446,000 and the 2022 supplementary assessment from $448,500 to $416,000.
The Board declined to make an equity adjustment under s. 44(3)(b) of the Assessment Act, finding no evidence of generalized underassessment.
No co-appearing lawyers found.
No judges found.
