Sears, Roebuck & Co. v. Boone County Board of Assessment Appeals

COMBS, Judge.

This is an appeal from the Boone Circuit Court, reversing a decision of the Kentucky Board of Tax Appeals which reduced the assessed value of appellant’s property from $38,000,000.00 to $30,700,000.00.

This appeal involves property located in Boone County which is commonly known as the Florence Mall [the Mall], In 1982, ap-pellee Boone County Board of Assessment Appeals [board] valued the Mall property at $16,324,044.00. On March 31, 1982, appellant Sears, Roebuck & Company [Sears] sold the Mall for the listed price of $38,-000,000.00. The buyer, Western and Southern Life…