Exhibit 1, pp. The adjustments made by Respondent's appraiser under his sales comparison grid were appropriate, however, his calculations as to the adjusted sales price per square foot for his second and third comparables were incorrect. The Commission has jurisdiction to hear this appeal and correct any assessment which is shown to be unlawful, unfair, arbitrary or capricious. Section 137.115, RSMo 1994, requires that property be assessed based upon its true value in money which is defined as the price a property would bring when offered for sale by one willing or desirous to sell and bought by one who is willing or desirous to purchase but who is not compelled to do so. It is the fair market value of the subject property on the valuation date.
Objection is overruled.
The testimony goes to the background and credentials of the witness. Objection to second full paragraph in the answer to Question 3, Exhibit 2 on the grounds of failure to lay a proper foundation, and the information elicited is irrelevant, immaterial and of no probative value. Objection is sustained, no foundation as to the source of the information. The second full paragraph of the answer to Question 3, Exhibit 2 is stricken. Objection to the answer to Question 4, Exhibit 2 on the grounds the information elicited lacks foundation and is not properly authenticated.