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<br />Equalization Department <br /> Box 2806 Telephone: 701-241-5616 <br />211 Ninth Street South Fax: 701-241-5729 <br />Fargo, ND 58103 assessor@casscountynd.gov <br /> <br /> Owner: State of North Dakota NDSU ETAL (Holiday Gas Station) <br />Parcel: 01-2057-00041-000 Appellant: Sally Paul – Delta Property Tax Address: 1020 19th Ave N Property Class: Commercial – C- Store Value: $1,790,000 Requested Value: $1,270,699 <br />Summary: Delta Property Tax Advisors is handling a statewide appeal of all Holiday gas stations. They provided a generalized cost approach from Marshall & Swift with no consideration given to sales. The subject property is a 9,795 sq ft gas station with a car wash and Little Caesars Pizza constructed in 2001. <br /> <br />Review: The cost approach submitted by the appellant classifies an extreme climate but fails to adjust each property appropriately, which understates their opinion of value. Each appeal also requests a reduction to the land <br />value, but no information has been provided to support the reduction. The city provided vacant land sales which support the current land valuation. They also provided comparable sales of competing properties, further demonstrating support for their valuation. <br />The current valuation was upheld at the local board of equalization. Conclusion: The appellant did not provide appropriate supporting evidence that would warrant an adjustment to the <br />overall valuation. The city was able to demonstrate that the property is modeled appropriately in their system through a market adjusted cost approach. Recommended Motion: <br />Retain the current value for the subject property.