State Board of Tax Commissioners v. Valparaiso Golf Club, Inc.

Valparaiso Golf Club, Inc. (Golf Club) appealed to the court the property tax assessment of its real estate of $500 per acre (representing actual value of $1,500 per acre). The trial court found that the assessment was contrary to law and ordered remand to the State Board of Tax Commissioners (the Board) for further proceedings. The Board appeals, asserting that various findings and conclusions entered by the court were not sustained by the evidence and were contrary to law. We initially note that in its judgment, the court found the value of the greens on the golf course to be $1,500 each…