Hunt v. Dubno

Dannehy, C.P.J.

The stipulation of the parties discloses the following facts: On October 7,1976, the plaintiff administrator of the estate of James J. Sullivan filed with the state tax department a succession tax return which included a parcel of land located in the city of Bridgeport with a reported fair market value of $164,000 at the time of the decedent’s death. In making the valuation, the plaintiff relied upon an appraisal by a licensed real estate agent. An item on the return, unrelated to the valuation in question, was a disputed claim based on a loan which because of its doubtful…