Philbin v. Town of St. George

Taxpayers appeal from a decision of the State Board of Appraisers (Board) applying an equalization ratio of 71% to their home in St. George, which was calculated by averaging the equalization ratios of the taxpayers’ property and one other property which the Board determined to be comparable within the meaning of 32 V.S.A. § 4467. We reverse and remand.

Taxpayers argue that in establishing an equalization ratio the Board could not limit the class of properties it would consider to those that would be “comparable” for purposes of establishing initial fair market value, that is, homes generally…