New Castle County Department of Finance v. Teachers Insurance & Annuity Ass'n

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “The three principal valuation approaches used in determining the fair market value of real estate are: comparable sales (or market), income capitalization, and reproduction cost.”
• “The County [was] free to use different valuation methodologies and to present evidence and argument in support of its position that the taxpayer’s valuation is unreliable or otherwise inaccurate.”
• “The high vacancy rate not only meant that the property's income stream was reduced, but also that the owner would be forced to incur significant ‘leasing up’ expenses in order to obtain new tenants.”

Source: CourtListener parenthetical corpus (CC0).