City's expert

Appeals and cross-appeals were brought regarding the property assessments of a special purpose food processing facility (slaughterhouse and poultry processing plant) for the 2017 to 2023 taxation years.

The Board determined the current value of the properties using the Cost Approach.

The Board established a land rate of $401,101.61 per acre for non-farmed land, relying on comparable sales of partially serviced industrial lands.

For improvements, the Board preferred the appellant's expert evidence, finding a reproduction cost new of $32,875,599 with a 14% functional obsolescence rate due to the piecemeal construction of the facility.

The Board declined to apply an equitable adjustment, finding insufficient evidence that the assessment was inequitable compared to similar lands in the vicinity.