- 11 - See also Buffalo Tool & Die Manufacturing Co. v. Commissioner, 74 T.C. 441, 451-452 (1980). We are now faced with the task of rationally resolving differences in the opinions and often subjective analyses of two qualified experts. In reaching our ultimate conclusions as to the valuation of the parcels here in issue, we must, because of the possibility of an appeal, set out a trail for the appellate court to follow. See Symington v. Commissioner, supra at 904. We are constrained to admit, however, that by necessity our conclusions are to some extent based upon Solomon-like pronouncements. We remain convinced, as we have repeatedly stated, that valuation cases should be disposed of by the parties by way of settlement or other procedures short of court proceedings. See, e.g., Symington v. Commissioner, supra at 904-905. I. The Experts Petitioners' expert was Tommy Cantrell, MAI, RM. Mr. Cantrell has been an appraiser of property for approximately 28 years. On December 31, 1992, on behalf of petitioners, Mr. Cantrell appraised the gifted Litton property. On January 7, 1993, on behalf of Mr. Sessions, Mr. Cantrell appraised the Bates Center. Respondent's expert was Dr. Jack Friedman, Ph.D., MAI, CRE, ASA, C.P.A., and a Texas State Certified General Appraiser. InPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011