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Board upholds Hilex Poly personal property assessment despite $4 million-plus dispute
Summary
Jerome County commissioners reviewed Hilex Poly's appeal of personal property valuation, represented by Ryan LLC; the board upheld the assessor's valuation (parcel PPIND00246602BA) after discussing documentation, depreciation and replacement approach. The stated appraisal gap exceeded $4 million.
Assessor Mark Swenson told the Board of Equalization that Hilex Poly Co LLC had appointed Ryan LLC to represent them and that the appeal concerned personal property only. Marissa McClurg, speaking for the appellant, described questions about repair, replacement and upgrade values; she said the appellant's preferred value differed from the assessor's by "over 4 million." The assessor explained that personal property valuation is based on original cost, replacement cost, and depreciation, and that assessor staff rely on submitted documentation for specific machine part valuations since staff do not have the specialized knowledge to value each component.
After discussing documentation protocols and the valuation methodology, Commissioner A. Ben Crouch moved to uphold the assessor's decision and evaluation for parcel PPIND00246602BA; the motion passed unanimously. The decision applies to the personal property component of the assessment; the assessor's office indicated staff will continue to rely on submitted documentation to address specific repair, upgrade and replacement claims in future reviews.
