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Board denies MI 22 LLC appeal after assessor's market-value evidence; fair-market values recorded
Summary
MI 22 LLC disputed revaluation of two buildings on S Main Street but provided no contrary valuation; the board accepted the Assessor’s market values (building #1 $408,200; building #2 $271,600; land $122,700) and denied the appeal.
Representatives for MI 22 LLC (Jim McMahon and Attorney Amy Blume) disputed increases in assessed values for two buildings (a former rectory and convent). The Assessor provided market-value information supporting higher assessments. The board concluded the appellant did not provide a contrary valuation for building #1 and modified the motion to record fair market values of building #1 at $408,200, building #2 at $271,600, and land at $122,700; the appeal was denied.
Chairman McAnaney noted the 2023 revaluation had previously reflected lower values (building #1 at $84,100 and building #2 at $48,000) and the board recorded current fair market values as stated in the minutes. The motion, as modified, passed 3-0.
