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Bristol West retail office properties. We have wide discretion
when it comes to accepting expert testimony. Sometimes, an
expert will help us decide a case. See, e.g ., Booth v.
Commissioner, 108 T.C. 524, 573 (1997); Trans City Life Ins. Co.
v. Commissioner, 106 T.C. 274, 302 (1996). Other times, he or she
will not. See, e.g., Mandelbaum v. Commissioner, T.C. Memo. 1995-
255, affd. without published opinion 91 F.3d 124 (3d Cir. 1996).
We weigh an expert's testimony in light of his or her
qualifications and with proper regard to all other credible
evidence in the record. See Helvering v. National Grocery Co.,
304 U.S. 282, 294 (1938).
Petitioner claimed that the value of the Latina restaurant
property was $330,000 on December 15, 1992. Petitioner did not
present testimony to support that value. Petitioner instead
relied upon the written appraisal prepared in 1991 by Walter P.
Schmidt incident to a valuation of the estate of decedent’s wife.
Mr. Schmidt’s list of qualifications indicates that he has 2
years of college education at Flint Junior College and a real
estate certificate from the University of Michigan. He is a
"State Certified Real Estate Appraiser" and has listed
substantial experience in valuing real estate.
Respondent’ expert, Mark Bollinger, studied packaging
engineering at Michigan State University. He is a member of the
Appraisal Institute, and he also is a "State Certified Real
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