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Out-of-state comparable sales deemed appropriate to assess fair market value.

Publication: Appraisal Journal
Publication Date: 22-JUN-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Out-of-state comparable sales deemed appropriate to assess fair market value.(McNeilus Truck & Manufacturing, Inc.)(Brief article)

Article Excerpt
The Supreme Court of Minnesota ruled that a tax court's informal rule prohibiting the use of out-of-state comparable sales violated its obligation to assess property at fair market value.

McNeilus Truck & Manufacturing, Inc. (McNeilus), owns real estate in Dodge County, Minnesota, where it operates a large manufacturing plant....

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