The Appellate Tax Board finally issued its report in the Graham case, which was the longest lasting case in the board's history and a cause celebre here on the Vineyard. From a PR viewpoint Graham won while the issue was in the news. From a dollar and cents viewpoint Graham lost - and lost big - today when the issue has been on the back burner for a year or so.
I'm not an attorney but my reading of the report leads me to believe that Graham would be nuts to appeal the decision. Basically, the board said Graham did not mount any sort of a reasonable case. The decision seemed to boil down to the opinions of the expert appraisers brought in by both sides. The Assessor's expert based his argument on detailed data, Graham's on theories which did not seem grounded in fact.
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