Legal Opinion
St. Joe Paper Co. v. James
District Court of Appeal of Florida
Decided February 10, 1983No. AB-279Published
1Opinion of the Court
BOOTH, Judge.
This cause is before us on appeal from the judgment of the Circuit Court for Franklin County upholding ad valorem tax assessments for the years 1978 and 1979 on tim-berlands owned by appellants. The lands in question are classified as agricultural under Section 193.461, Florida Statutes, and were appraised by appellees using the income approach (capitalization of net earnings to land) recommended by the Agricultural Guidelines of the Department of Revenue (Guidelines), employing the following formula:
_ (Yield1 X Price 2) - Costs 3 Value Capitalization Rate 4
The numerator of the…
Also in this document: Concurrence.
2Cases cited6 opinions
- Lanier v. OverstreetSupreme Court of Florida · 1965
- Lake Worth Towers, Inc. v. GerstungSupreme Court of Florida · 1972
- DADE CTY. TAXING AUTH. v. Cedars of Lebanon Hospital Corp.Supreme Court of Florida · 1978
- Escambia Chemical Corporation v. FisherDistrict Court of Appeal of Florida · 1973
- Lowe v. LEE CTY. ELEC. COOPERATIVE, INC.District Court of Appeal of Florida · 1979
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