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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Reed Newlin
DOCKET NO.: 07-03437.001-R-1
PARCEL NO.: 13-2-21-10-17-301-005
The parties of record before the Property Tax Appeal Board are Reed Newlin, the appellant; and the Madison County Board of Review.
The record in this appeal contains valuation information submitted by the appellant. The record also contains documentation submitted by the board of review indicating that the board agrees with the assessment conclusion contained in the appellant's documentation.
After considering the evidence and reviewing the record, the Property Tax Appeal Board finds that it has jurisdiction over the parties and the subject matter of this appeal. The Board further finds that the assessment conclusion documented by the appellant and agreed to by the board of review is correct and that a reduction in the assessed valuation of the subject property is appropriate.
Based on the facts and exhibits presented, the Property Tax Appeal Board hereby finds a reduction in the assessment of the property as established by the Madison County Board of Review is warranted. The correct assessed valuation of the property is:
LAND: $ 15,450
IMPR.: $ 55,530
TOTAL: $ 70,980
Subject only to the State multiplier as applicable.
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