Ernst Brothers Corp. v. Department.of Revenue

This case involves the valuation, for ad valorem tax purposes in the tax year 1991-92, of the town of Gilchrist. The Tax Court concluded that the real market value of the town was $500,000. Ernst Brothers Corp. v. Dept. of Rev., 12 OTR 527, 534 (1993). On de novo review, ORS 305.445, we affirm.

The Department of Revenue (department) contends that the Tax Court’s valuation is too low and that the 1991-92 real market value of the property was in excess of $2 million. The department has the burden to show, by a preponderance of the evidence, that its valuation best reflects the value of the…