(DOWNLOAD) "Board Of Assessment Appeals V. Sonnenberg" by Colorado Supreme Court # Book PDF Kindle ePub Free
eBook details
- Title: Board Of Assessment Appeals V. Sonnenberg
- Author : Colorado Supreme Court
- Release Date : January 10, 1990
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 72 KB
Description
This case concerns the valuation of the E. E. Sonnenberg & Sons, Inc. commercial cattle feedlot ("feedlot") for assessment of property taxes. The central question is whether in conducting a de novo review of the value placed on the feedlot for assessment purposes by the Logan County Board of Equalization for the 1985 tax year, the Board of Assessment Appeals ("Board") abused its discretion by relying solely on the cost approach to valuation rather than also giving consideration to the feedlot's value under the market approach. The Logan County District Court affirmed the Board's decision. The Colorado Court of Appeals reversed, based on the Board's failure to consider the market approach in valuing the feedlot, and remanded to the Board for rehearing. E. E. Sonnenberg & Sons, Inc. v. Board of Assessment Appeals, 768 P.2d 748 (Colo. App. 1988). We granted certiorari to review the court of appeals' judgment. We agree with the court of appeals that the Board abused its discretion by failing to consider evidence of the feedlot's value under the market approach. We disagree, however, with the additional holding of the court of appeals that the Board erred in excluding evidence of the valuation placed on feedlots in other counties by assessors in those counties for the 1985 tax year. Accordingly, we affirm the judgment of the court of appeals in part and reverse it in part.
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