Appellant, Assessor Disagree on Valuation Methods for Magnolia Heights Industrial Parcel
At the BOE hearing an agent argued Magnolia Heights (row 142989100) should be valued near $312,000 using sales and cost approaches; the assessor explained reliance on sales data and Prognos system and the board closed the hearing for a later decision.
The full story
Magnolia Heights (BOE No. 126, row 142989100) — a smaller equipment storage and repair property off I‑35 Service Road — was the subject of another valuation appeal. The agent presented sales and cost approaches that produced values around $312,000 and $313,983 and said his sales comparables were geographically close to the subject.
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