Payton Apartments, Ltd. v. Board of Review of Des Moines

HAYDEN, Judge.

Defendants appeal from the district court decision lowering the property tax assessment of plaintiff’s apartment complex.

Plaintiff is the owner of an apartment complex in Des Moines known as the Pay-ton Apartments. There are two buildings, one containing thirty apartments and the other containing twenty-four apartments. There are fifteen garages as well as an asphalt parking lot. The complex was assessed at a value of $1,015,320 as of January 1, 1981. Plaintiff’s protest was denied by defendant board of review. Plaintiff appealed that decision to the district court which reduced…