State Ex Rel. Flint Building Co. v. Kenosha County Board of Review

This case involves the assessment of real property for tax purposes. The issue before us is whether a board of review created pursuant to sec. 70.46 or 70.99, Stats., is required to make an adjustment for various financing arrangements (cash equivalency adjustment) when analyzing sales of comparable properties for tax assessment purposes. We certified this issue to the Wisconsin Supreme Court for review and determination. Our certification request was denied. We now hold that when considering objections to valuations, a board of review is required to consider the effect of a cash equivalency…