I’ve appealed before the Magistrate and recently received the ruling. My appeal asked for a reduction of RMV from ~$164K to ~$100K AND to deny the exception applied to MAV. I’m in the process of remodeling, that’s what the exception was about. The heart of my confusion is that the court partially agreed with my RMV argument by lowering RMV to $124K, but they did not deny the exception. My argument was that because my property was overvalued in the prior year, the value of any remodeling was moot because the net change to RMV is negative (NOTE: even including the impact of market trend for the time period). How can this be and do I have any options other than continuing the appeal to the next higer level?
