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Bannock County upholds assessment on Pocatello office building after owner argues income approach warrants lower value
Summary
Owner of a Pocatello office building argued the property’s income potential supports a lower assessed value; the Bannock County Board of Equalization voted to uphold the assessor’s valuation based on the county's cost approach.
At a Bannock County Board of Equalization hearing on Monday in June, the board voted to uphold the assessor’s valuation for a Pocatello commercial building (ParcelRPRPSVS000200) after the owner, Braden Driscoll of Driscoll Investments LLC, presented an income-based appeal.
Driscoll told commissioners he bought the building in February 2017 and said rental income declined when a prior tenant left and the building sat vacant for about nine months. He told the…
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