Empire State Bank v. Lyon County

OPINION

COYNE, Justice.

Certiorari on the relation of Empire State Bank to review a decision of the Tax Court determining that the estimated fair market value of the bank property on January 2, 1987 was $545,000. Relator contends that the bank’s property was unequally assessed and that the factual finding of fair market value was clearly erroneous. We *617disagree with the relator and affirm the decision of the Tax Court.

In 1981, relator constructed the new bank building which is the subject of this challenge, at a cost of $1,050,000. Located in the small agricultural town of Cottonwood, the…