Highest Court Rebukes Trial Court Over Flat-Out Bar of DCF Approach

Business Valuation UpdateVol. 22 No. 5
Legal and Court Case Update
May 2016
4911 Electric Services
221122 Electric Power Distribution
state taxation (incl. ad valorem)
cost approach, expert testimony, income approach, discounted cash flow (DCF), valuation methods, replacement cost method, property tax, tax assessment

Wheelabrator Bridgeport, L.P. v. City of Bridgeport
2016 Conn. LEXIS 16
February 2, 2016
US
State Court
Connecticut
Supreme Court
Alexander L. Hazen, Joseph Kettell (owner/plaintiff); Mark Pomykacz (city/defendant)
Zarella

Summary

State high court says trial court’s categorical rejection of DCF method to value a special purpose plant for tax assessment purposes is improper where parties’ “experienced and knowledgeable” experts relied on it; court remands for new trial on valuation.

See Also

Wheelabrator Bridgeport, L.P. v. City of Bridgeport

State high court says trial court’s categorical rejection of DCF method to value a special purpose plant for tax assessment purposes is improper where parties’ “experienced and knowledgeable” experts relied on it; court remands for new trial on valuation.