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Board adopts objector valuation for Theater Terrace after contested hearing
Summary
Following the Lake Terrace decision, the Kenosha Board of Review also found Theater Terrace's assessment incorrect and recorded the property owner's valuation (motion approved by roll call).
In the same objection hearing, the Kenosha Board of Review determined the assessor's valuation for Theater Terrace (parcel 12‑223‑31‑485‑020) was incorrect and adopted the property owner's valuation. Objector counsel and appraiser testimony raised comparable‑sales evidence the board found persuasive for both contested parcels; the motion to adopt the owner's value carried on roll call.
Theater Terrace was presented with the same appraisal methodology and similar comparables; objector counsel sought a reduced assessment of $10,370,000 and argued the assessor's larger figure was unsupported by market sales. After the board debated comparables, location differences and rent per square foot, a motion was moved and seconded to adopt the property owner's valuation; the clerk recorded an affirmative roll call and the board instructed staff to provide the notice of determination to the agent at meeting end.
