426 Pa. 578 | Pa. | 1967
Opinion by
This appeal involves the triennial assessment for the years 1963, 1964 and 1965 of the property owned by the Regional Industrial Development Corporation of Southwestern Pennsylvania and Eazor Express, Inc. (Owners). The Board of Property Assessment, Appeals and Review of Allegheny County (Board) placed an assessed value of $389,455 on the property.
Before the court below the Board placed the assessment in evidence and rested. The owners then produced
The Board then called one of its sub-assessors and its vice-chairman as witnesses. Both testified generally in support of the assessment without actually testifying as to the fair market value of the property.
The court (in its words) “accorded much weight to the sale and the selling price of $530,000” and determined that the fair market value of the property was $500,000. It then took cognizance of the Richman study
The Board argues that the prima facie validity of the original assessment ($389,455) was not overcome because the court below “obviously” (according to the Board) rejected the testimony of the owners’ expert witness in arriving at a value of $500,000. Therefore, maintains the Board, this witness’ testimony on uniformity was similarly rejected, and the original assessment, unequalized, must stand.
In short, the Board has fared well here, and since the owners have not appealed from the court’s determination of market value, we see no reason to discuss this aspect of the case further.
The order of the court below is affirmed.
See our opinion handed down this day in Massachusetts Mutual Life Insurance Company Tax Assessment Case, 426 Pa. 566.