Mt. Bachelor, Inc. v. Department of Revenue

This is an appeal from a decree of the Oregon Tax Court which reversed an order of the Oregon Department of Revenue establishing the assessed valuation of plaintiff’s interest in real property located near Bend in Deschutes County, Oregon.①

Plaintiff’s property was originally valued by the county assessor at $888,500 for January 1, 1970, and $1,298,500 for January 1, 1971, by the depreciated *88replacement cost approach.② Plaintiff appealed to defendant Department of Revenue, contending that depreciated replacement cost did not accurately reflect true cash value and that a proper evaluation by…