Indiana Tax Court Admonishes Board For Valuing A Kohl’s Based Upon Build-To-Suit Rents That Were Not Properly Adjusted To Market
The Indiana Tax Court recently overturned the state Board of Tax Review’s valuation of a Kohl’s for several tax years, finding that the Board improperly relied upon unadjusted build-to-suit rents. Before the Board, both the owner and assessor presented appraisals that primarily relied upon in the income approach to value.
Massachusetts Appellate Tax Board Determines That Macy’s Anchor In Class A Mall Was Overvalued
The Massachusetts Appellate Tax Board (“ATB”) decided to grant property tax abatements to Macy’s after finding that its department store at Burlington Mall was overvalued for the 2014, 2015, and 2016 fiscal years.
Ohio Board Of Tax Appeals Grants Significant Reduction For Assisted Living Facility
For tax year 2016, the Ohio Board of Tax Appeals granted a reduction in value for an 89-unit assisted living facility, located in rural Marietta, Ohio, adopting the property owner’s appraisal.
Washington Board Of Tax Appeals Finds That County Assessor Did Not Overvalue Seattle Skyscraper
The Washington State Board of Tax Appeals (BTA) recently upheld the King County Assessor’s tax valuation for a 55-story, class A+ office building in Seattle’s central business district. In addition to having over 1,100,000 square feet of rentable office space, the property has over 36,000 square feet of retail space, a 285,000 square foot underground parking garage, and numerous other amenities for tenants.
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Georgia Court Of Appeals Upholds Lower Court’s Interpretation Of Georgia Statute Barring Reassessments Based On Changes In General Market Conditions For Two Years After Assessment Appeals
Indiana Tax Court Concludes Petitioner’s Issues Were Subjective Determinations And Were Not Proper For Form 133 Appeals Process
Indiana Tax Court Overturns Denial Of Charitable Exemption For Section 42 Housing Complex
Indiana Tax Court Upholds Valuation Of CVS Based On Cost Approach
Kansas Board Of Tax Appeals Rejects Reliance On Sales Of Older Properties For Valuing Menard’s Retail Property
Kansas Board Of Tax Appeals Refuses To Grant Further Reduction For 11 Walmart Properties
Michigan Court Of Appeals Upheld Michigan Tax Tribunal’s Determination Of Value For Former Big Box Store
Michigan Tax Tribunal Affirms Country Club Assessment Based On A Nuanced Highest And Best Use
Nebraska Tax Equalization And Review Commission Rules In Favor Of Mall Anchor Department Store Finding It Was Not Uniformly Assessed With Other Anchors At The Same Mall
Ohio Appeals Court Affirms Bta’s Reliance On Recent Sale Price To Set Value For Retail Space Leased To CVS
Washington Board Of Tax Appeals Grants Decease For Recently Purchased Self-Storage Facility
Washington Board Of Tax Appeals Affirms Revised Valuation By Board Of Equalization For Warehouse
Virginia Supreme Court Clarifies Rule Permitting Expert Testimony By Appraisers Not Licensed In Virginia
Deadlines Looming in 15 States