Martinez v. Town of HartfordAnnotate this Case
Taxpayer Gabriel Martinez appealed a Property Valuation and Review Division (PVR) hearing officer's decision setting the fair market value of his property for purposes of the 2017 Town of Hartford grand list. Taxpayer argued the hearing officer erred in estimating fair market value based on sales of comparable properties because the value was conclusively established by the price taxpayer paid for the property in a contemporaneous arms-length transaction. After review, the Vermont Supreme Court held that, although the recent arms-length sale price constituted strong presumptive evidence of the fair market value of the property, the hearing officer did not commit legal error in considering other evidence of fair market value. In addition, the Court concluded the appraisal was rationally derived from the findings and evidence.