44 A.2d 296 | Pa. | 1945
Argued September 28, 1945. The owner of property in the City of Pittsburgh appealed from the triennial assessment to the court of common pleas where the appeal was heard by Judge DITHRICH, who has since become a member of the Superior Court. He reduced the assessment from $298,110 to $254,510. The owner excepted and the exceptions were heard by a court in banc consisting of Judges MCNAUGHER, THOMPSON and SOFFEL, who dismissed the exceptions. The owner then appealed to this court.
We think the case was properly disposed of as appears in the following extracts from the opinion of the learned court below:
"The property in question is the Dutch Henry Restaurant. The land consists of two lots. The restaurant occupies the entire ground floor and basement. The second floor, with separate Diamond Street entrance. covers the entire area.
"On April 29, 1942, the Metropolitan Life Insurance Company entered into a contract to sell this property to John A. Barry (the present owner) for the sum of $181,000.00 payable as follows: $25,000 cash, the balance of $156,000, by mortgage, payable at the rate of $7800.00 per year, and the balance on October 1, 1957, with interest at 4% per annum. By deed dated May 25, 1942, and recorded June 2, 1942, in Deed Book Vol. 2739, page 45, the property in question was conveyed by the Metropolitan Life Insurance Company to John A. Barry, for the consideration of $181,000.
"It is admitted that the property was sold by a willing seller not obliged to sell to a willing buyer not obliged to buy. For a period of nine years prior to this sale, the parties had occupied the relation of landlord and tenant.
"The question for consideration here is narrow, to wit: whether proper consideration was given to the sale price of the property.
"The appellant would have us adopt the sale price as the proper valuation for tax purposes of the property in *74 question. To do this would make the sale price controlling, which is contrary to the act of assembly and the decisions which hold the sale price must be considered but shall not be controlling.
"The Act of May 22, 1933, P. L. 853, Article IV, Sec. 402, as amended by the Act of May 16, 1939, P. L. 143, Sec. 1, 72 P.S., Sec. 5020-402, provides as follows: 'In arriving at such value the price at which any property may actually have been sold shall be considered but shall not be controlling.'*
"In Suerman v. Hadley,
"As to the exception based on the failure of the witness McCaffrey to break down his valuation into land and buildings, there is no merit. *75
"It is argued that Mr. McCaffrey, testifying in behalf of the County and the City, failed to take the sale price into consideration. It is our conclusion, after reading the testimony, that adequate consideration was given to the sale price by Mr. McCaffrey in reaching his valuation."
Judgment affirmed.
