Giorgetti v. City of Rutland

The City of Rutland appeals from a decision of the State Board of Appraisers reducing the listed value of taxpayers’ property from $311,400 to $131,000. We affirm in part and reverse in part.

The subject parcel consists of about forty acres of primarily wooded land with a rolling topography. Running along the northern boundary of the property is a corridor of approximately 150 feet, which is a right-of-way in favor of the Central *11Vermont Public Service Corporation. In 1978, taxpayers obtained an Act 250 permit to subdivide the property into fifty-seven lots, but no roads or utilities have been…