Nos. 71-366 to 71-368 | Fla. Dist. Ct. App. | Jun 8, 1973
Lead Opinion
These are consolidated appeals from a final judgment fixing ad valorem tax valuation on the property of the appellant for the years 1968 and 1969. The trial court found the following values for City and County taxes: 1968, valuation of 15.5-mil-lion dollars for City tax purposes; 1969, valuation-for City tax purposes 15.1-million dollars; and 1969, valuation for County tax purposes 15.1-million dollars.
From a review and consideration of the record before this court we are of the opinion that the tax values found by the trial court are not supported by competent substantial evidence. As the trial court observed, the City conceded that its assessed value of $19,752,400.00 for 1968, and $20,000,200.00 for 1969 were excessive and were not supported by evidence at the trial.
Although the appellant, through his own appraisers, presented evidence that the value of the property for tax purposes for 1968 and 1969 was between 11-million and 11.4-million dollars, we are also of the opinion that such evidence does not support the appellant’s asserted value.
Accordingly and with due recognition of the complexities involved in the determination of tax values we must reverse the order appealed from and remand the same for new trial consistent herewith.
Reversed and remanded.
. There is therefore no prima facie correctness of the City tax assessments. Powell v. Kelly, Fla.1969, 223 So. 2d 305" court="Fla." date_filed="1969-05-28" href="https://app.midpage.ai/document/powell-v-kelly-1103141?utm_source=webapp" opinion_id="1103141">223 So.2d 305; Metropolitan Dade County v. Adler Built Indus., Inc., Fla.App.1969, 222 So. 2d 264" court="Fla. Dist. Ct. App." date_filed="1969-04-29" href="https://app.midpage.ai/document/metropolitan-dade-county-v-adler-built-industries-inc-7431963?utm_source=webapp" opinion_id="7431963">222 So.2d 264.
. In establishing the valuation of City and County for ad valorem tax purposes the trial court selected the income or economic approach as the method for • determining fair market value. See McNayr v. Claughton, Fla.App.1967, 198 So. 2d 366" court="Fla. Dist. Ct. App." date_filed="1967-05-02" href="https://app.midpage.ai/document/mcnayr-v-claughton-1760515?utm_source=webapp" opinion_id="1760515">198 So.2d 366.
Dissenting Opinion
(dissenting).
The issue presented by this appeal is whether or not the trial court’s judgment is supported by competent substantial evidence of the just value of the Palm Beach Mall for ad valorem tax purposes for the years 1968 and 1969. The appellant, Palm Beach Mall, Inc., owns the mall. It claims that the trial court’s determinations were too high. The appellees, the City of West Palm Beach and the County of Palm Beach, claim that the determinations of the trial court equate with just value and are based on competent, substantial evidence.
The evidence relied on by the trial judge was the testimony and the written report of an appraiser who was presented as an expert witness on behalf of the city and county. The appraiser, Samuel F. Holden, used three approaches to value while considering all of the statutory criteria set out in § 193.011, F.S.1969, F.S.A. He used the cost approach, the market data approach, and the income approach. Each was developed in great detail by the testimony and supporting exhibits presented by Mr. Holden. On the basis of Holden’s testimony, the trial judge found the fair market value of the property in question to be $15,500,000.00 on January 1, 1968, and $15,100,000.00 on January 1, 1969. The latter finding, in effect, sustained the assessment placed on the property by the county tax assessor for the year 1969. If the eivdence presented by the defendants’ appraiser is competent substantial evidence of value, as I believe it to be, it follows that such evidence is competent substantial evidence which supports the trial court’s findings of value.
For the foregoing reasons, I think the judgment appealed from should be affirmed.