[EDITOR'S NOTE: This case is unpublished as indicated by the issuing court.]MEMORANDUM OF DECISION This is a tax appeal, from a decision of the defendants' Board of Tax Review, challenging the validity of the assessment laid against real estate located in the Town of Deep River.
After a full hearing, the parties present or represented by counsel, based upon a preponderance of the credible, relevant and legally admissible evidence, the court finds, concludes and rules as follows:
On or about October 1, 1992 and to the date of trial, the plaintiffs, James R. Scala and Gale G. Scala, were the owners of certain premises known as 369 River Road, Deep River, Connecticut. CT Page 1439
Prior to October 1, 1992, the Town of Deep River as by statute provided, conducted a revaluation of all real property within its jurisdiction and included therein the real estate subject to this appeal.
As of the Grand List of October 1, 1992, the defendants' Assessor increased the fair Market Value of said real estate to $1,099,100.00, including land and buildings, which carried over to the lists of October 1, 1993, October 1, 1994, October 1, 1995 and October 1, 1996.
The plaintiffs appealed to the Board of Tax Review which Board denied said appeal. This appeal followed therefrom. This appeal, as amended, concerns the land valuation only. No appeal is pending as to the buildings and improvements.
The plaintiffs' expert appraiser, F. Jerome Silverstein, using the comparable sales method, was of the opinion that said real estate at 369 River Road had a Fair Market Value of $396,000.00, land only.
The defendant's expert appraiser, Stephen R. Flanagan, was of the opinion that said real property located at 369 River Road had a Fair Market Value of $769,200.00, land only.
In the evaluation of property, the trial court is charged with the duty of making an independent valuation of the property involved. E F Realty Co. v. Commissioner of Transportation,173 Conn. 247, 253 (1977). The trier is not limited to arbitrating the differing opinions of the witnesses but is to make determinations in the light of all the circumstances, the evidence and his general knowledge. Pandolphe's Auto Parts, Inc.v. Manchester, 181 Conn. 217, 220 (1980); Birnbaum v. Ives,163 Conn. 12, 21 (1972). The trier may accept or reject the testimony of any expert, offered by one party or another, in whole or in part. Smith v. Smith, 183 Conn. 121, 123 (1981); Richard v. A.Waldman Sons, Inc., 155 Conn. 343, 348 (1967); see alsoPandolphe's Auto Parts, Inc. v. Manchester, supra, 221. Ultimately, the determination of the value of real estate is a matter of opinion, which eventually depends upon the considered judgment of the trial judge who takes into account the different opinions expressed by the various witnesses. Moss v. New HavenRedevelopment Agency, 146 Conn. 421, 425 (1959). Applying the aforesaid law to the facts and circumstances of this case, the CT Page 1440 court finds that as of October 1, 1992, the Fair Market Value of the plaintiffs' property subject to this appeal was:
LAND $520,000.00
Therefore, it is adjudged that the true and actual value of the plaintiffs' property, on October 1, 1992, and the assessment based on the Assessor's determination that all property in said Town shall be liable for taxation at 70% of its true and actual value on said assessment date to be as follows:
True and Actual Value Assessed Value
LAND $520,000.00 $364,000.00
and it is ordered that the Board of Tax Review correct the assessment against the plaintiffs on the Grand Lists of October 1, 1992, October 1, 1993, October 1, 1994, October 1, 1995 and October 1, 1996, and if necessary, to refund any excess taxes paid.
Accordingly, judgment may enter for the plaintiffs, sustaining the appeal. Plaintiffs are awarded costs.
It is so ordered.
HIGGINS, J.