STC Submarine, Inc. v. Department of Revenue

Taxpayer manufactures and assembles marine fiber optic cable. In this ad valorem, tax case, taxpayer appeals the assessed value of its building and structures for the 1991-92 tax year. The Tax Court accepted the assessment of $11,737,920 made by the Department of Revenue (department). STC Submarine, Inc. v. Dept. of Rev., 13 OTR 14 (1994). We review de novo, ORS 305.445; ORS 19.125, and affirm.

The subject property was designed specifically for taxpayer’s use in manufacturing undersea fiber optic cable. The factory is a one-story building with a total area of222,200 square feet. The ground…