Phelps County Board of Equalization v. Graf

NATURE OF CASE

The Phelps County Board of Equalization (Board) reduced the assessed value on certain parcels of real estate that had previously been valued by the Phelps County assessor (Assessor). The Assessor appealed to the Tax Equalization and Review Commission (TERC), which vacated and reversed the Board’s action, finding that the Board had made an adjustment to a subclass of property and that such action was unreasonable and arbitrary.

SCOPE OF REVIEW

Statutory interpretation is a matter of law, in connection with which an appellate court has an obligation to reach an independent, correct…