Soifer v. Floyd County Board of Review

TERNUS, Chief Justice.

This case involves taxpayers’ consolidated appeals from the decisions of the ap-pellee, Floyd County Board of Review, denying the taxpayers’ objections to assessments of their property for tax purposes. The property is a McDonald’s fast-food restaurant located in Charles City, Iowa. It is owned by appellant, Franchise Realty Interstate Corp., who leases it to appellants Sam and Barbara Soifer, 1 McDonald’s franchisees. The parties dispute the actual value of the property and the necessity of using franchise-to-franchise sales as comparable transactions in determining…