Equity Land Resources, Inc. v. Department of Revenue

Carlisle B. Roberts, Judge.

Two cases have been consolidated for trial, the parties, property and issue being identical in each. The question before the court is the true cash value of the whole of Block 24, City of Salem, known as the Salem Plaza, as of January 1,1971, and January 1,1972. The parties have stipulated that the true cash value of the subject property was the same for each assessment date.

Salem Plaza is located in the high-value section of the central business district of Salem, Oregon. It is a “shopping center” occupied by 18 small tenants whose first-floor space varies from a…