Brooks Resources Corp. v. Department of Revenue

This is an appeal from a decree of the Oregon Tax Court fixing the value of an 18-hole golf course at Black Butte Ranch, a planned unit development in Deschutes County. The Tax Court decreed the true cash value of the course to be $840,000 as of January 1, 1974, and $950,000 as of January 1, 1975, and the taxpayer appeals. We review de novo. ORS 305.445, 19.125(3).

The basic facts are largely undisputed, although the parties differ over the conclusions to be drawn from those facts. Black Butte Ranch is a planned unit development subject to a master plan filed with Des-chutes County. The plan…