Metropolitan Jacobson Development Venture v. Board of Review

TERNUS, Justice.

Appellants, Metropolitan Jacobson Development Venture and Washington Avenue Venture, own commercial warehouse properties in the City of Des Moines. They challenged the assessments 1 of these properties as excessive and inequitable. The district court agreed and reduced the assessed values.

The property owners appealed claiming that the reduced assessments are still inequitable because the properties are assessed at a greater percentage of market value than are comparable properties. The Board of Review of the City of Des Moines cross-appealed claiming that the court erred in…