Missouri Court of Appeals, Southern District / Apr 14, 2020
MARION TIBBS, ASSESSOR BUTLER COUNTY, MISSOURI, Appellant vs. POPLAR BLUFF ASSOCIATES I, L.P., and POPLAR BLUFF PROPERTIES III, L.P., Respondents
The Butler County Assessor appealed the trial court's judgment, which affirmed the State Tax Commission's decision on the valuation of two low-income housing properties for tax purposes. The Assessor argued that the Commission used an impermissible valuation approach based on actual income and expenses rather than market income and expenses, and that this approach created unconstitutional subclassifications of real property. The appellate court affirmed the trial court's judgment, finding no merit in the Assessor's arguments regarding the valuation methodology or the constitutional challenge.