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Owners and appraisers clash over valuation of inactive CEMEX plant in Hernando County
Summary
A complex hearing on petitions for an inactive cement/mining facility exposed wide gaps between the county appraiser’s cost‑based estimate and the petitioner’s valuation; disputes focused on building square footage, the market value (or lack thereof) of very tall processing bays, silo valuation and whether land should be valued for mining or agricultural uses.
BROOKSVILLE, Fla. — An extended, technical hearing on Feb. 5 over the valuation of a large, partly inactive cement and mining facility centered on sharply different valuations and competing appraisal methods.
The contested parcels (petition 253 and related petitions 255 and 256) cover an integrated plant with dozens of buildings, high‑bay processing halls and multiple concrete silos. Daniel Scott, representing the property appraiser’s office, presented a detailed, more than 200‑page packet that used Marshall & Swift cost multipliers, bushel‑based silo conversions and a reconciliation that included land comps. The appraiser’s cost approach produced a multi‑million‑dollar indicated value (after a 15% cost‑of‑sale adjustment) substantially higher than the petitioner’s estimate.
Petitioner representative Sam Wan testified verbally because his written packet had not arrived at the clerk’s office in time. Wan said his…
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