Priest Lake landowners sue over assessed valuations - Spokane, North Idaho News & Weather KHQ.com

Priest Lake landowners sue over assessed valuations

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A view from one of the lake front properties up for auction. Photo: Idaho Department of Lands A view from one of the lake front properties up for auction. Photo: Idaho Department of Lands
SANDPOINT, Idaho -

(AP) - A total of 27 lawsuits have been filed by landowners along an Idaho lake who say the county is overvaluing their property.

The Bonner County Daily Bee reported Friday that the Priest Lake landowners are questioning whether Bonner County's assessed valuations reflected fair market value, whether the county failed to consider proper measures of applicable land sales and whether it relied on incorrect or incomplete information when setting values.

The petitioners include landowners, estates, trusts and limited liability corporations. A majority of the landowners argue that their assessed valuations should reflect values put forth in a 2016 auction, which were much lower.

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Information from: Bonner County (Idaho) Daily Bee, http://www.bonnercountydailybee.com

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

8/11/2017 12:52:00 PM (GMT -7:00)

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