Town Appraiser Puts High Price on Land

West Tisbury Expert Takes the Stand in Protracted Graham Tax Hearing; Values Property at $64.5 Million

By IAN FEIN

An expert real estate appraiser hired by West Tisbury assessors last year estimated the total value of 235 acres owned by town resident William W. Graham at $64.5 million, significantly higher than the town's original assessments.

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A high-priced real estate market coupled with changes in the way property assessments are calculated has fueled a sharp rise in the value of waterview and waterfront property in Edgartown this year.

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