Originally Posted by
grump
They have a baseline of value, what he paid for the property. The assessor’s blather about it not being arms length is meaningless. It was bought out of a foreclosure but any number of companies could have bid on it in foreclosure. This wasn’t a sale from a friend to a friend. The fact that the seller wanted to unload it is meaningless, it’s what the market would bear at the time under the conditions of the sale. And the fact that Jemal’s attorney had argued differently in a different case is meaningless; it was a different case with a different set of facts. And believe me, if Jemal’s attorney goes up against those clowns in town hall he’ll waltz them around by the Willy.