DocketNumber: Docket No. 7676
Citation Numbers: 6 B.T.A. 1132
Judges: Milliken
Filed Date: 4/29/1927
Status: Precedential
Modified Date: 7/23/2022
The only issue raised by this proceeding resolves itself
into one of fact, i. e., What was the fair market price or value of the property in question on February 15, 1918? The respondent determined a fair market value for the date in question of $178 per acre. We are not informed concerning the data or information which served as a predicate for such a valuation. Petitioner called as witnesses persons who had dealt very extensively in real estate in Charleston and vicinity during the years involved in this proceeding. The local conditions affecting the value of real estate in 1918 and 1922 have been clearly and convincingly presented to us. We have set forth in our findings of fact the inflated values of real estate in 1918 and the deflated values in 1922, the causes and the
Judgment will be entered on 15 days' notice, wnder Rule 50.