Fred Meyer, Inc. v. Department of Revenue

CARL N. BYERS, Judge.

Plaintiff appeals the value of its headquarters property for the years 1988 and 1989. After an administrative hearing, defendant set the value of the property at $3,875,000. Plaintiff contends that the value for each of the years is no more than $2,300,000. Although this appeal concerns the value of land and improvements, the parties agree the value of the land is $700,000. Consequently, the dispute is over the value of the improvements.

The improvements are on 5.62 acres, fronting on Southeast 22nd Avenue between Powell and Holgate Boulevards in Portland. The property is…