Sahalee Country Club, Inc. v. Board of Tax Appeals

The Sahalee Country Club has appealed from a decision by the Board of Tax Appeals (Board) valuing its golf course at $3.1 million for tax purposes. The valuation of golf courses and similar open spaces has apparently been the source of some controversy in this state's tax tribunals since our opinion in Twin Lakes Golf & Country Club v. King Cy., 87 Wn.2d 1, 548 P.2d 538 (1976). Today we reemphasize that the critical element of Twin Lakes is the subject property's market value. Any other factor is relevant only to the extent that it can be shown to affect market value. Because the Sahalee golf…