Smith v. Carbon County Board of Assessment Appeals

NANOVIC, P.J.,

By deed dated October 16, 2006, Christopher Smith purchased condo*494minium unit no. F201 at Midlake on Big Boulder Lake for $275,000. At the time of purchase, the unit had an assessed value of $50,300. Thereafter, prompted by the recent purchase price, the Jim Thorpe Area School District filed a statutory appeal to the Carbon County Board of Assessment Appeals challenging the property’s assessed value for the 2008 tax year. The board sustained the appeal and increased the assessed value by over 75 percent to $88,141. On the basis of the county’s common-level ratio of 32.1 percent,…