Reduction for Obsolescence and Trademark Rights Key to Ad Valorem Tax

Business Valuation UpdateVol. 5 No. 8
Legal and Court Case Update
August 1999

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5311 Department Stores
452210 Department Stores
state taxation (incl. ad valorem)
fair market value (FMV), inventory, first in, first out (FIFO)
Macon-Bibb County Board of Tax Assessors v. J.C. Penney Company
239 Ga. App. 322, 521 S.E.2d 234, 1999 Ga. App. LEXIS 1013
July 26, 1999
US
State Court
Georgia
Court of Appeals
James N. Evatz (for defendant)
McMurray

Summary

The Georgia Court of Appeals heard this appeal from the Macon-Bibb County Board of Tax Assessors.

See Also

Macon-Bibb County Board of Tax Assessors v. J.C. Penney Company

Full Text of Court Cases
July 26, 1999

At issue is the plaintiff's claim that the Taxpayer presented no competent evidence of the fair market value of the inventory.