KESWICK CLUB, L.P. v. COUNTY OF ALBEMARLE

Record No. 060672.

639 S.E.2d 243 (2007)

KESWICK CLUB, L.P. v. COUNTY OF ALBEMARLE.

Supreme Court of Virginia.

January 12, 2007.


Attorney(s) appearing for the Case

Frederick W. Payne (William W. Tanner; Payne & Hodous, on briefs), Charlottesville, for appellant.

Andrew H. Herrick, Asst. County Atty. (Larry W. Davis, County Atty.; Mark A. Trank, Deputy County Atty., on brief), for appellee.

Present: All the Justices.


OPINION BY Justice LAWRENCE L. KOONTZ, JR.

In this appeal, a taxpayer challenges a judgment upholding a county's assessment of the fair market value of real estate owned by the taxpayer for the 2003 and 2004 tax years. Specifically, we consider whether the county failed to properly consider the income and sales approaches to valuation before basing its assessment solely on the cost approach.

BACKGROUND

The property that is the subject of this appeal...

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