Fleet Supply, Inc. v. State Board of Tax Commissioners

The Petitioner, Fleet Supply, Inc. (Fleet Supply), appeals the Final Determination of the State Board of Tax Commissioners (State Board) establishing the assessed value of its property as of March 1, 1995. Fleet Supply presents the following issues for the Court's consideration:

I. Whether the State Board erroneously determined the Main Building's physical depreciation based upon a forty-year, instead of a thirty-year, life expectancy table;

II. Whether the State Board improperly deemed the subject improvements' conditions to be average;

III. Whether the State Board incorrectly applied a D grade…