Appeal of Lowe's Home Centers, LLC

13 PTC 0904, Appeal of Lowe's Home Centers, LLC v. Forsyth County, home improvement center, used closed discount stores as comparables. "As such, Lowe's did not rebut the initial presumption of the correctness of the Assessed Value of the Subject Property when Lowe's did not present competent, material, and substantial evidence tending to show that the appraisal method employed by the County was an arbitrary or illegal method; and that the Assessed Value substantially exceeded the true value of the fee simple interest in the Subject Property as of the Valuation Date due to the weakness in the methods used by the Taxpayer's expert witness."