PRINCIPAL MUT. LIFE INS. v. BD. OF REVIEW

No. 97-1114.

596 N.W.2d 93 (1999)

PRINCIPAL MUTUAL LIFE INSURANCE COMPANY, Appellant, v. BOARD OF REVIEW OF the CITY OF DES MOINES, Robert H. Knapp, Deedee Steger, Lewis Demarco, Lora Jorgensen, and Paul Holmgren, Appellees.

Supreme Court of Iowa.

July 8, 1999.


Attorney(s) appearing for the Case

Steven P. Wandro and Sandra K. Lyons of Wandro & Gibson, P.C., Des Moines, for appellant.

William R. Stiles and Andrew B. Howie of Smith, Schneider, Stiles, Hudson, Serangeli, Mallaney & Shindler, P.C., Des Moines, for appellees.

Considered by HARRIS, P.J., and CARTER, LAVORATO, NEUMAN, and TERNUS, JJ.


NEUMAN, Justice.

This is an appeal by Principal Mutual Life Insurance Company from a district court order affirming property tax assessments on the company's computer equipment. Because the assessor, as well as the district court, misapplied the governing statutory formula, we reverse and remand for a corrected assessment.

The controversy was submitted to the district court on stipulated facts. Principal owns a substantial number of computers subject to property...

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