Oregon Supreme Court June 15, 1995, OTC 2885; OTC 2962; SC S40329 (J. R. Simplot Co. v. Department of Revenue)

DURHAM, J.

This case involves the valuation, for ad valorem tax purposes, of a potato processing plant near Hermiston, owned by J. R. Simplot Company (taxpayer), for tax years 1984, 1985, and 1986. The Oregon Tax Court accepted the assessment of the Department of Revenue (department)1 of $46 million for tax year 1984, and $43 million for each of tax years 1985 and 1986.