Quincy Soybean Co., Inc. v. Lowe

GRIMM, Judge.

In this tax assessment case, plaintiff, Quincy Soybean Company, Inc., appeals the 1985 assessed valuation of two of its properties. It contends that the State Tax Commission’s order is “unsupported by competent and substantial evidence upon the record, is arbitrary, capricious or unreasonable, and involves an abuse of discretion.” Finding to the contrary, we affirm.

Company owns two grain storage facilities in Audrain County, Missouri. On the Laddonia facility, the county assessor placed a “true value in money” valuation of $571,400, and an assessed value of $182,-094.

On the…