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Kohl's store owners appeal Clay County assessments; one prior State Tax Commission ruling cited
Summary
Clay County assessor staff presented income‑approach valuations and sales comparables for two Kohl's stores; county data shows one store sold in 2022 for about $9.75 million while the county's book value is about $8.0 million, and staff noted a 2023 State Tax Commission outcome in a previous appeal for a related store.
County valuation staff reviewed appealed assessments for two Kohl’s department store buildings in Clay County and presented sales and income‑approach data the county used to set values. Grant Knopf of the Clay County assessor’s office said the property at 8500 North Madison Avenue is an 80,084 square‑foot single‑tenant retail store built in 1997 in the Twin Creek Shopping Center; the county’s packet shows a sale on Sept. 23, 2022, for $9,746,415 (about $121 per square foot) and the…
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