Connecticut Superior Court Rules in Favor of Taxpayer in Windham Property Valuation Appeal

The Connecticut Superior Court lowered the fair market value of the taxpayer’s subject property. The case involved a tax appeal by the taxpayer against the Town of Windham regarding the valuation of a former mill complex. The court rejected the town’s appraisal due to unrealistic assumptions and relied primarily on the income approach to value, considering the property’s unique characteristics, high vacancy rates, and need for substantial redevelopment. The court found that the taxpayer had met the burden of demonstrating that the property had been over-assessed, leading to a judgment in favor of the taxpayer. [Loch View LLC v. Town ...