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3/28/2020 12:04 PM <br /> 200085 <br /> 1 IN THE OREGON TAX COURT <br /> MAGISTRATE DIVISION <br /> 2 <br /> Property Tax <br /> 3 <br /> 4 <br /> 5 WAL MART REAL ESTATE BUSINESS TRUST, ) <br /> 6 ) <br /> Plaintiff, Case No. z000'b S l..t (far court use only) <br /> 7 vs. ) <br /> 8 ) COMPLAINT <br /> MARION COUNTY ASSESSOR, ) <br /> 9 ) <br /> Defendant. ) <br /> 10 <br /> 11 Plaintiff hereby files its Complaint as follows: <br /> 12 <br /> 1. Plaintiff owns certain real property identified by Defendant Marion County <br /> Assessor as tax account number R75403 (the "Subject Property"). <br /> 13 2. The Subject Property is appraised by Defendant Marion County Assessor. <br /> 14 3. Plaintiff appeals from an order of the Marion County Board of Property Tax <br /> 15 Appeals, which was mailed on February 28, 2020. A true and correct copy of that order is <br /> attached hereto as Exhibit A. <br /> 16 <br /> 4. A true and correct copy of the Subject Property's tax statement is attached <br /> 17 hereto as Exhibit B. <br /> 18 5. Market evidence, existing as of the January 1, 2019 valuation date, supports a <br /> 19 reduction in real market value. Plaintiff reasons that such a reduction is consistent with the value <br /> in exchange standard embodied within ORS 308.205. <br /> 20 6. The Court should find that the total real market value of the Property as of <br /> 21 January 1, 2019 is no more than $9,630,000. <br /> 22 7. Furthermore the Court should find that the total real market value of$9,630,000 <br /> should be apportioned between land and improvements as follows; $8,000,000 allocated to land <br /> 23 <br /> value and the remaining $1,630,000 allocated to the improvement value. <br /> 24 <br /> 25 <br /> 26 <br /> COMPLAINT- 1 <br /> CKR Law Group,P.C. <br /> 1 Mt.Jefferson Terrace,Suite 101 <br /> Lake Oswego,Oregon 97035 <br /> Phone(503)635-9330 <br /> Fax(503)635-9010 <br /> n otices @c kd awg ro u p.co m <br />