Garland & LaChance Construction Co. v. City of Keene

This is an appeal by the defendant, the city of Keene, from a decision of the Superior Court (Bois, J.) ordering an abatement of the plaintiff’s real property taxes of $108,513.70 for the years 1970, 1971, 1973 and 1974. In a thorough report, the Master (Earl J. Dearborn) considered three methods for appraising the plaintiff’s property, a shopping center located in Keene. He found that the market approach, under which the value of a given piece of property is compared with similar property in the same area, was inadequate because there was only one other shopping center in the area.…