Board of Assessors v. Tammy Brook Co.

The board of assessors of Weymouth (assessors) is here on an appeal from a decision of the Appellate Tax Board (board) granting real estate tax abatements for the years 1969, 1970 and 1971 in the total amount of $5,463.26. The assessors question the board’s determination of fair cash value of the subject property for each of the three taxable years on two grounds: (1) that the board was not warranted in finding that the conditions prevailing with regard to the property justified a capitalization of income rate of nine per cent; and (2) that the board erred in failing to consider the 1970 sale…