DocketNumber: No. CV96-0080265-S
Citation Numbers: 1998 Conn. Super. Ct. 522
Judges: SPALLONE, JUDGE TRIAL REFEREE.
Filed Date: 1/23/1998
Status: Non-Precedential
Modified Date: 7/5/2016
After a full hearing, the parties present and/or represented by counsel, based on a preponderance of the credible, relevant and legally admissible evidence, the court finds, determines and rules as follows:
The Assessor set a fair market value of the plaintiffs real estate at $6,346,457.00, land and buildings, assessment at $4,442,520.00 after applying the 70% assessment rate.
The plaintiff, within the time prescribed by law, appealed to the Board of Assessment Appeals for a reduction of said assessment. Said Board reduced the assessment of the building to $3,144,670.00. This appeal followed.
At trial, the plaintiff's expert appraiser, Robert J. Nocera, opined that the real property subject to this appeal had a fair market value of $4,450,000.00 land and improvements. CT Page 523
The defendant's expert appraiser, John J. Valente, testified that he found the fair market value of said property to be $6,346,000.00, land and improvements.
In valuating property, the trial court is charged with the duty of making an independent valuation of the property involved.E F Realty Co. v. Commissioner of Transportation,
Applying the aforesaid law to the facts and circumstances of this case, the court, in agreement with the valuation of the Town of Clinton finds the true and actual value of the property, subject to this appeal, as of October 1, 1994 to be $6,110,014.00 and the assessed value, at 70%, to be $4,277,010.00.
Accordingly, judgment may enter for the defendant, Town of Clinton, against the plaintiff, Walnut Grove Associated, LP, dismissing the appeal and for costs of suit.
SPALLONE JUDGE TRIAL REFEREE
E & F REALTY CO. v. Commissioner of Transportation , 173 Conn. 247 ( 1977 )
Moss v. New Haven Redevelopment Agency , 146 Conn. 421 ( 1959 )
Birnbaum v. Ives , 163 Conn. 12 ( 1972 )
Richard v. A. Waldman & Sons, Inc. , 155 Conn. 343 ( 1967 )
Pandolphe's Auto Parts, Inc. v. Town of Manchester , 181 Conn. 217 ( 1980 )