Flood v. Lomira Board of Review

This is an appeal from a judgment affirming a village of Lomira board of review order which sustained the assessor’s valuation of Mark Flood’s real estate. The issue is whether the assessor and board of review used the statutory basis to value Flood’s real estate. Flood disputes the board’s refusal to make a cash equivalency adjustment to the purchase price of his real estate, and the board’s increase of Flood’s purchase price by six percent to reflect the Wisconsin Department of Revenue’s (DOR) equalized assessment of Lomira. We conclude that in both respects, the board’s order was not made…