Our Firm Our Practice Our People Insights News & Events Careers Contact
Photo for The Evaluator
Winter 2020
 

Valuation Headlines

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.

assets/htmlimages/Read%20more_button.JPG

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. 

assets/htmlimages/Read%20more_button.JPG

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.  

assets/htmlimages/Read%20more_button.JPG

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.

assets/htmlimages/Read%20more_button.JPG

OTHER VALUATION HEADLINES FROM ACROSS THE COUNTRY (CLICK HERE TO READ MORE)

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

  


 

Related Publications

11/5/2019
Valuation Analyses

Contacts

Nicholas M.J. Ray
614.464.5640
nmray@vorys.com

Kenneth R. West
202.467.8814
krwest@vorys.com

Andrew E. DeBord
513.723.4024
aedebord@vorys.com

Lauren M. Johnson
614.464.5418
lmjohnson@vorys.com

John R. Conley
330.208.1172
jrconley@vorys.com

Lindsay Doss Spillman
216.479.6199
ldspillman@vorys.com

Hilary J. Houston
614.464.4968
hjhouston@vorys.com

Steven L. Smiseck
614.464.5438
slsmiseck@vorys.com

Megan Savage Knox
614.464.6380
msknox@vorys.com

Anthony L. Ehler
614.464.8282
tlehler@vorys.com

David A. Froling
614.464.3022
dafroling@vorys.com

Scott J. Ziance
614.464.8287
sjziance@vorys.com

Steven R. Rech
713.588.7017
srech@vorys.com


 

 

Update Preferences  |  Forward to a colleague  |  Unsubscribe  |  Privacy Policy

 

This alert is for general information purposes and should not be regarded as legal advice. As always, please let us know if you want more information or have questions about how these developments apply to your situation.