Property Tax Alert: Massachusetts

October 2007

A taxpayer was granted a Massachusetts local property tax abatement after successfully proving that the property was overvalued for the fiscal year at issue. To arrive at the fair cash value of the subject property, a parcel of land with a dwelling, consideration was given to the property's functional obsolescence due to superadequacy. Appropriate adjustments were made for superadequacy as well as a size disparity between the subject property and comparable sales properties. By reviewing the sales data as appropriately adjusted, the taxpayer demonstrated that the assessment placed on the subject property was excessive.

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