Obsolescence Analysis Kills Tax Court’s Property Valuation

Business Valuation UpdateVol. 21 No. 11
Legal and Court Case Update
November 2015
2869 Industrial Organic Chemicals, NEC
325199 All Other Basic Organic Chemical Manufacturing
state taxation (incl. ad valorem)
cost approach, expert testimony, income approach, appraisal, market approach, depreciation, market value, deduction, sales comparison, tax assessment

Guardian Energy, LLC v. County of Waseca
2015 Minn. LEXIS 437
August 12, 2015
US
State Court
Minnesota
Supreme Court
Robert Strachota (company/relator); Clay Dodd (county/respondent)
Wright

Summary

State high court rejects tax court’s external obsolescence calculation related to special purpose property valuation, finding it represents an insufficiently explained departure from the methods the parties’ experts used and lacks support in the record.

See Also

Guardian Energy, LLC v. County of Waseca

State high court rejects tax court’s external obsolescence calculation related to special purpose property valuation, finding it represents an insufficiently explained departure from the methods the parties’ experts used and lacks support in the record.