Property Market Value Calculations: Latest Guidance From the Trenches

Assessing New Market Valuation Factors to Minimize Business Property Taxes

Recording of a 110-minute CPE/CLE webinar with Q&A

Conducted on Thursday, December 10, 2009

Recorded event now available

or call 1-800-926-7926
Program Materials

This CPE/CLE seminar will analyze recent significant developments in market valuation analyses and offer response strategies for corporate tax professionals.


Multi-state companies with a number of business locations face new twists to tax staff's use of the market value method to assess properties for property tax purposes.

The Ohio Supreme Court's decision in AEI Net Lease Income & Growth Fund v. Erie County Board of Revision, an anti-taxpayer ruling, bears watching as other states may follow its lead on sale-leasebacks and appraisal methodology. Meanwhile, the Wisconsin Supreme Court also issued a key ruling.

In Walgreen Co. v. City of Madison, assessors were denied the use of above-market rents to inflate assessments. These court rulings demonstrate the evolving influences, from comparable sales to property conditions, on market value decisions for which tax professionals must stay current.

Listen as our panel of experienced property tax advisors arms you with current best practices and responses to judicial and regulatory developments, when it comes to making market valuation analyses as a corporate taxpayer.



  1. Implications of latest case law
    1. Walgreen Co. v. City of Madison, Wisconsin Supreme Court
      1. When tenant pays above-market rent, assessors cannot use high rents to inflate value of commercial property
      2. Assessor must use market rents
    2. AEI Net Lease Income & Growth Fund v. Erie County Board of Revision, Ohio Supreme Court
      1. Sale-leaseback was immaterial to whether sales is regarded as arm’s length
      2. Sale-leaseback was market value
  2. Other factors for multi-site business to consider in market valuation decisions
    1. Creditworthiness of tenant
    2. When to use actual rents
    3. Property conditions
  3. Approaches to build a market valuation case with property assessors


The panel will explore these and other crucial topics:

  • Implications of the Ohio and Wisconsin court decisions and other relevant rulings: Prepare and adjust your company's processes.
  • Influences on market valuations: Best practices for multi-site businesses to make sound decisions based on market rents, tenant credit-worthiness, property condition and other factors.
  • Asserting your market valuation case with property assessors: Defend your position and find weaknesses in the government's position.


Don Millis
Don Millis

Reinhart Boerner Van Deuren

He chairs the firm's Government Relations Group and successfully represented Walgreen Co. in a key Wisconsin market...  |  Read More

David LeVan
David LeVan

Advantax Group

He also is the founder of Advantax, a property tax consulting firm that operates in all 50 states. He has 20 years of...  |  Read More

Charles Sanders
Charles Sanders
Tax Consultant
Advantax Group

He works on valuations, appraisal reviews, appeals, site tours hearings, and audits for the firm's property tax...  |  Read More

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