Johnson v. Department of Revenue

CARL N. BYERS, Judge.

These cases involve the valuation of an industrial plant under the provisions of ORS 308.411. At the time set for trial, defendant objected to plaintiffs’ use of the replacement cost used approach on the grounds that it takes into consideration functional and economic obsolescence. Inasmuch as plaintiffs are electing owners under ORS 308.411, defendant contends that plaintiffs are precluded from using this method. At the request of the parties, the court agreed to issue an interlocutory ruling on defendant’s objection.

The court is indebted to counsel for its understanding…