Bankruptcy sale found insufficient to support assessment reduction

Generally the best evidence of a property’s market value is a recent sale price, but that is not always the case. The First District Appellate Court recently ruled in Calumet Transfer LLC v.

Filed under:
USA, Insolvency & Restructuring, Litigation, Real Estate, Tax, Franczek Radelet PC, Bankruptcy, Property tax, Limited liability company, Foreclosure, Market value, Inflation
Authors:
Ares G. Dalianis , Scott R. Metcalf
Location:
USA
Firm:
Franczek Radelet PC