FISHER, Senior Judge.
Kooshtard Property I, LLC has challenged the Indiana Board of Tax Review's final determination that valued its land at $1,050,000 for the 2010 tax year.
Kooshtard owns and operates a gas station and convenience store on a three-acre parcel of land in Bloomington, Indiana. For the 2010 tax year, the Monroe County Assessor assigned Kooshtard's land an assessed value of $1,200,000.
Kooshtard appealed the land assessment first with the Monroe County Property
In response, the Assessor presented, among other things, a Real Estate Appraisal Report that was completed in conformance with USPAP. (See Cert. Admin. R. at 310-27.) The Assessor's Appraisal, prepared by Wayne Johnson, an Indiana certified general appraiser,
On March 14, 2014, the Indiana Board issued a final determination explaining that it found Johnson's testimony regarding the unreliability of Kooshtard's Appraisal persuasive. (See Cert. Admin. R. at 38-39 ¶¶ 57.) The Indiana Board also explained that the Assessor's Appraisal best reflected the value of Kooshtard's property even though it contained certain flaws. (See Cert. Admin. R. at 40-41 ¶¶ 62-67 (explaining that the Assessor's Appraisal erroneously included the value of personal property).) Accordingly, the Indiana Board reduced Kooshtard's 2010 land assessment from $1,200,000 to $1,050,000, which coincided with Johnson's valuation of the land under the cost approach. (Compare Cert. Admin. R. at 40-41 ¶¶ 63, 68 with 321.)
On April 24, 2014, Kooshtard initiated this original tax appeal. The Court heard oral argument on January 23, 2015. Additional facts will be supplied as necessary.
The party seeking to overturn an Indiana Board final determination bears the burden of demonstrating its invalidity. Hubler Realty Co. v. Hendricks Cnty. Assessor, 938 N.E.2d 311, 313 (Ind. Tax Ct.2010). The Court will reverse a final determination if it is arbitrary, capricious, an abuse of discretion, or otherwise not in accordance with law; contrary to constitutional right, power, privilege, or immunity; in excess of or short of statutory jurisdiction, authority, or limitations; without observance of the procedure required by law; or unsupported by substantial or reliable evidence. IND.CODE § 33-26-6-6(e)(1)-(5) (2015).
On appeal, Kooshtard asks the Court to reverse the Indiana Board's final determination, claiming that the Assessor's Appraisal
Kooshtard's arguments regarding the probative value of the Assessor's Appraisal invite this Court to reweigh evidence; that task, however, is not within this Court's prerogative on appeal absent an abuse of discretion. See Stinson v. Trimas Fasteners, Inc., 923 N.E.2d 496, 498-99 (Ind. Tax Ct.2010). The Indiana Board has abused its discretion when its final determination is clearly against the logic and effect of the facts and circumstances before it or when it misinterprets the law. See Hubler, 938 N.E.2d at 315, n. 5.
With respect to the land contracts issue, the administrative record reveals that Johnson testified that he was not required to adjust the sales prices of certain properties to account for their use of land contracts. (See Cert. Admin. R. at 399.) Kooshtard did not present any evidence, binding legal authority, or persuasive authority during the administrative hearing that impeached Johnson's testimony. (See Cert. Admin. R. at 400-07.) Accordingly, Kooshtard has not demonstrated that the Indiana Board abused its discretion when it accepted Johnson's testimony that he was not required to account for the use of land contracts in valuing Kooshtard's property.
As to the personal property issue, Johnson admitted during the administrative hearing that personal property was included in three of the eight sales he used in his sales comparison approach. (See, e.g., Cert. Admin. R. at 394-95.) Despite this one imperfection, the Indiana Board declined to reject the Assessor's Appraisal because it offered a more comprehensive analysis than Kooshtard's Appraisal: it employed all three valuation approaches as opposed to one. (See Cert. Admin. R. at 39-41 ¶¶ 61-62, 64.) The Indiana Board also explained that it assigned the most weight to the Assessor's evidentiary presentation because Johnson persuasively challenged the reliability of Kooshtard's Appraisal, while Kooshtard's appraiser did not challenge the Assessor's Appraisal in any manner whatsoever. (See Cert. Admin. R. at 40-41 ¶¶ 62, 65, 67.) Consequently, the Court finds that the Indiana Board did not abuse its discretion in finding the Assessor's Appraisal more persuasive than Kooshtard's Appraisal on this basis either.
An Indiana Board final determination is not supported by substantial evidence if a reasonable person, after reviewing the administrative record in its entirety, could not find enough relevant evidence to support the Indiana Board's decision. See Amax Inc. v. State Bd. of Tax Comm'rs, 552 N.E.2d 850, 852 (Ind. Tax Ct.1990). Based on its review of the administrative record, the Court concludes that Kooshtard has not established that the Indiana Board's final determination was not supported by substantial evidence. Accordingly, the final determination of the Indiana Board is AFFIRMED.