Burnsville Medical Building, LLC, Relator v. County of Dakota

Syllabus

1. The tax court did not err by using market rent rather than effective net rent to calculate the subject property's potential gross income under the income capitalization approach to valuation because the taxpayer's tenant improvement allowances and rent concessions were typical of the market. 2. The tax court did not clearly err by rejecting the taxpayer's proposed occupancy adjustment under the sales comparison approach to valuation. Affirmed. Considered and decided by the court without oral argument.