Complainant timely appealed to the State Tax Commission from the decision of the Jackson County Board of Equalization. The home contains 1,438 square feet of living space over a full unfinished basement. The site backs up to the Teetering Rocks golf course. The property is located within a retirement community of substantially similar homes. All interior maintenance is provided by residents.
All exterior maintenance is provided by the homeowners' association.
There is no dispute that this sum represents the market value of the property, and is substantially the same value as determined by the assessor's office. Eight residential properties do not constitute a statistically significant number of residential properties within Jackson County. It is the fair market value of the subject property on the valuation date. The level of assessment for the subject property in 1999 . This is done by independently determining the market value of the subject property and dividing the market value into the assessed value of the property as determined by the assessor's office.