State ex rel. Evansville Mercantile Ass'n v. City of Evansville

In a scholarly memorandum decision the learned trial court stated many of the principles to be observed by courts reviewing upon certiorari the decisions of boards of review. We quote the principles so stated with the supporting authorities:

“For tax purposes property must be assessed at its fair market value. It is the task of the assessor to determine as accurately as he can the value of the property. The fair market value of the property is the amount for which "it will sell upon negotiations resulting in a sale between an owner willing but not obliged to sell and a willing buyer not…