The valuation is:
$20,000,000/4515 feet frontage = $4430/frontage foot
or
$20,000,000/95.38 acres = $209,687/acre
Both of which seem fairly reasonable given other sales in the area and probably which will drive also drive a quick sale.
From the towns perspective - I'm betting they are happy to get this parcel back on the tax rolls in any form or fashion - can anyone calculate the property tax on just the land forget improvements for now.
Last edited by granitebox; 02-10-2024 at 03:31 PM.
Reason: better data
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