Meijer, Inc. v. Montgomery County Board of Revision

Meijer asserts the BTA decision was unreasonable and unlawful and must be reversed. Meijer argues initially that the BTA erred by adopting a “value in use” appraisal. Meijer does not define what it means by a value-in-use appraisal. However, “use value” as defined in The Appraisal of Real Estate (American Institute of Real Estate Appraisers, 9 Ed.1987) 20, is:

*185“[T]he value a specific property has for a specific use. Use value focuses on the contributory value of real estate to the enterprise of which it is a part, without regard to its highest and best use or the monetary amount that might be…