Pulaski County Board of Tax Assessors v. JFS Properties, Inc.

MlKELL, Judge.

JFS Properties, Inc. (“JFS Properties”), purchased a textile manufacturing plant in Pulaski County in 2002. The purchase price was $250,000. JFS Properties paid the 2002 ad valorem taxes on the property under protest, which amount was based on a fair market value of $491,580, then appealed the assessment to the Pulaski County Board of Equalization (the “Board”). The Board affirmed the assessment, and JFS Properties appealed to the superior court from the Board’s decision.

A Pulaski County jury determined that the fair market value of the property was $250,000. Pursuant to OCGA §…