California Court of Appeal
MAPLES v. KERN COUNTY ASSESSMENT APPEALS BD., F035361
Although the income approach is the appropriate method for valuing low-income housing under section 515 of the National Housing Act, it was reasonable for the Assessor to incorporate the effective interest rate into value calculation, in accordance with the State Board of Equalization's interpretation of the applicable California Code of Regulations section.
- Decided 03/08/2002
- Published 03/08/2002
- California Court of Appeal
- For Appellant:
- Aronowitz, Bordelon & Skidmore, Paul S. Aronowitz and Lawrence E. Skidmore, Auburn, for Real Party in Interest and Appellant., Archie T. Wright III, for California Council for Affordable Housing as Amicus Curiae on behalf of Real Party in Interest and Appellant.
- For Appellees:
- B.C. Barmann, Sr., County Counsel, and Jerri S. Bradley, Deputy County Counsel, for Plaintiff and Respondent.