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Tulare County assessment board accepts Amazon property value; approves stipulations and dismisses several nonappearances
Summary
The Tulare County Assessment Appeals Board accepted the applicant valuation for Amazon.com Services, LLC after a closed-session review, approved stipulated assessment changes for Patterson Logistics and Saputo Cheese, dismissed a duplicate filing and denied several appeals for nonappearance, and accepted the withdrawal calendar.
The Tulare County Assessment Appeals Board accepted the applicant’s valuation for Amazon.com Services, LLC and carried a series of procedural motions at a hearing that included stipulations, dismissals and multiple denials for nonappearance.
Board action on the Amazon appeal followed a closed-session review of materials submitted by the applicant and the county. After that review the board voted to accept the applicant’s building valuation of $126,419,520 and a total assessed value of $134,400,000 for the property identified in the file as Amazon.com Services, LLC (application referenced in the record). The board said it gave greater weight to market-derived capitalization-rate evidence than to a construction-cost approach.
The board also approved stipulated changes in assessment values the assessor presented for multiple Patterson Logistics Services, Inc. filings and for Saputo Cheese and Protein, LLC, and it dismissed what the board characterized as a duplicate filing for Saburo Cheese USA. Several calendar items were denied for nonappearance, and the board accepted the withdrawal calendar as presented.
Why it matters: The Amazon decision and the…
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