Wednesday, May 13, 2015

Property Valuation

On Tuesday, the Mississippi Court of Appeals decided Marter v. Marter for the second time located here.  The issue in the case was property valuations.  The valuations noted by the parties varied widely.  Using what information the chancellor had, the court determined the value was $110,000.00 which the Court of Appeals affirmed.  The relevant language cited is below:

"It is our conclusion that the chancellor, faced with proof from both parties that
was something less than ideal, made valuation judgments that find some
evidentiary support in the record. To the extent that the evidence on which the
chancellor based his opinion was less informative than it could have been, we
lay that at the feet of the litigants and not the chancellor."

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