Ernst Brothers Corp. v. Dept. of Rev.

CARL N. BYERS, Judge.

Plaintiff appeals the 1991 assessed value of the town of Gilchrist, located on Highway 97 in northern Klamath County. Plaintiffs shareholders are three brothers and a sister who are descendants of the Gilchrist family.

The town was built in 1937-39 in connection with the construction of a sawmill. The Gilchrist family envisioned a substantial community, providing its employees with housing and associated amenities. Gilchrist Timber Co. (Gilchrist) owned and operated the town until 1990 when it sold its timberland, mill and town.

The subject property consists of 76.44…