Board of Assessment Appeals of State v. E.E. Sonnenberg & Sons, Inc.

This case concerns the valuation of the E.E. Sonnenberg & Sons, Inc. commercial cattle feedlot (“feedlot”) for assessment of property taxes. The central question is whether in conducting a de novo review of the value placed on the feedlot for assessment purposes by the Logan County Board of Equalization for the 1985 tax year, the Board of Assessment Appeals (“Board”) abused its discretion by relying solely on the cost approach to valuation rather than also giving consideration to the feedlot’s value under the market approach. The Logan County District Court affirmed the Board’s decision. The…