Quote Originally Posted by mwilbert View Post
The other thing, which I am sure you are well aware of, is that commercial and multi-family properties are assessed completely differently from single-family homes and comparables carry much less weight because they can look at the income stream and value it as an investment. I assume anything allegedly worth $600,000 in the Cass Corridor area is in that category.
I share in the old school thinking that the assessment should be based solely on the land and the actual building and not the revenue activity that occurs inside the structure. I know city assessors have tried to change that line of thinking but it still holds some water at the State Tax Commission