Kachadorian v. Town of Woodstock

This is a tax appeal from a decision of the State Board of Appraisers finding the market value of the Kachadorians’ (Taxpayers’) property to be $380,000 and its listed value, for tax purposes, to be $122,000. Taxpayers raise two claims. First, the Board’s findings are challenged as insufficient, inconsistent, or both. Second, Taxpayers argue that the listed value should have been computed by using an equalization ratio derived from information concerning comparable properties rather than a ratio based upon the average equalization rate of all town properties. We find the Board’s findings to…