A case considered under County tax assessment law provided support for property value to include suitability and income from billboard rental. Fair market value includes such income. The case supports such similar eminent domain claims for damages.
In Re Consol. App. of Chester-Upland Sch. Dist., No. 633 C.D. 2017 (Dec. 27, 2018) – When determining fair market value of property, suitability of property for billboard use and income earned by property owner from rental of property to billboard operator should not be excluded from fair market valuation by Section 8811(b)(4) of Consolidated County Assessment Law, 53 Pa.C.S. 8811(b)(4); property should be valued consistent with general valuation principles.
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