Therefore, the tax consultant's theory of discrimination is without probative value. Complainants contend the basis for their appeal is equity. Equity in assessment is a very simple two step process. It is achieved when properties are valued at their true value in money or market value and then assessed at the ratio established by statute for a given class of property. Hotels do not constitute a separate class of property.
Hotels are part of commercial property for assessment purposes.
Commercial property, in general, in St. Charles county is assessed at thirty two percent of fair market value. Hotels in St. Charles county are assessed at thirty two percent of fair market value. The subject properties are assessed at thirty two percent of fair market value. Based upon this evidentiary record, equity in assessment of the two subject properties has been achieved when they are compared to both other commercial property and hotels in St. Charles County. In order to prevail, Complainants must present substantial and persuasive evidence to establish their claim of discrimination.