Affiliated Foods Cooperative, Inc. v. County of Madison

Affiliated Foods Cooperative, Inc. (Affiliated), appeals as excessive for 1985 tax purposes the $5,298,851 value placed on its real estate and warehouse facilities by the Madison County assessor.

Both the Madison County Board of Equalization and the district court accepted the assessor’s value and refused to lower that value to $3,300,000, as prayed by Affiliated. We affirm.

In appealing the district court judgment, Affiliated assigns five errors, which may be consolidated into two: (1) The trial court erred in refusing to make a proper downward adjustment in the actual value of appellant’s…