The Iowa Court of Appeals has denied Walmart’s effort to cut millions in property taxes for its store in Marshalltown.
The Walmart store in Marshalltown sits on a nearly 25 acre site and the main store is around 214,000 square feet with a 6,000 square foot garden center. The Marshall County Assessor appraised the store at $13,323,780 in January of 2023. Walmart contested the property tax assessment, saying it should be $8,332,680.
Walmart argued the county evaluation was not proper because it was based on the building being leased and not owner-occupied. The Court of Appeals ruled the methods the county expert used in the appraisal were more credible than Walmart’s appraiser.
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