Appraiser Charles Mills: income approach yields $485,000 value for contested Peterborough parcel
Charles Mills, a credentialed appraiser, told the Peterborough hearing panel that his income-capitalization analysis produced a 2026 assessment value of $485,000 for parcel 720529230000800008, a figure substantially below the county's indicated structure value.
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Charles Mills, a credentialed real-estate appraiser, presented his appraisal to the Peterborough hearing panel on behalf of Mr. North and recommended a 2026 assessment of $485,000 based on the income-capitalization approach. "So we came up with the value of 485,000 for the for 2026 assessment," Mills said, describing his rent roll analysis and vacancy assumptions.
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