YADCO, INC. v. YANKTON COUNTY

No. 11628.

237 N.W.2d 665 (1975)

In the Matter of the Appeals of Yadco, Inc. from its Assessments for the Years 1971, 1972 and 1973. YADCO, INC., Appellant, v. YANKTON COUNTY, South Dakota, Respondent.

Supreme Court of South Dakota.

December 19, 1975.


Attorney(s) appearing for the Case

M. T. Woods, of Woods, Fuller, Shultz & Smith, Sioux Falls, for appellant.

Richard D. Hagerty, Larry F. Hosmer, Yankton, for respondent.


DOYLE, Justice.

This is an appeal by Yadco, Inc. (Yadco) of Yankton County, South Dakota, from assessments of real property for the years 1971, 1972 and 1973. The principal contention of Yadco is that the "full and true" value of its property should be based, at least in part, on the amount of income which will be received under a long-term, uneconomical lease consummated by it.

The Yankton County Board of Equalization failed to adopt Yadco's argument and...

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