Medical Building Land Co. v. Department of Revenue

*71LENT, J.

Defendant-Department of Revenue (Department) appeals from a decree of the Tax Court reducing the assessed valuation of plaintiff’s1 property, a medical office building in Multnomah County, from $3,368,660 to $2,625,000. The sole issue is the determination of the true cash value of the subject property on the assessment date, January 1, 1975.

Our review is de novo on the record. ORS 305.445; ORS 19.125(3). Aside from conflicting opinion testimony on the ultimate issue, the facts of this case are uncontradicted. The building in question was constructed between 1972 and 1974 across the…