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Mendocino appeals board accepts stipulations, approves withdrawn cases including Tesla and Main Street Capital
Summary
The Mendocino County Assessment Appeals Board accepted stipulations in lieu of appearance and testimony and approved multiple withdrawn cases, including matters involving Tesla Energy Operations and Main Street Capital Inc.; county staff explained valuation methods for photovoltaic systems and brewery equipment.
The Mendocino County Assessment Appeals Board accepted stipulations in lieu of appearance and testimony and approved several withdrawn assessment appeals at a meeting where county staff explained how they value photovoltaic systems and brewery equipment.
The board voted to approve the withdrawn applications and to accept stipulations covering cases involving Tesla Energy Operations and Main Street Capital Incorporated. Nathan Maxman, senior auditor appraiser with the Mendocino County Assessor’s Office, told the board that assessors applied a new composite assessment factor for photovoltaic systems. "California Assessors Association worked with industry to create a new composite assessment factor that more accurately represented market value of photovoltaic systems, and then that was applied to the existing assessable photovoltaic systems for Tesla Energy Operations," Maxman said.
Why it matters: the rulings formalize…
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