Opinion ID: 1296720
Heading Depth: 4
Heading Rank: 2

Heading: Valuation of Pokey Circle Property

Text: C.B. also alleges mistakes in the valuation of the Pokey Circle property. The only current market value entered into evidence was a 1992 tax assessment for $35,400. The only other valuation was a November 1985 appraisal for $95,500. Yet, the court valued the property at $62,500, despite the lack of any evidence in the record that this was the market value. See Finding No. 9 in Addendum. The debt on the Pokey Circle property at the date of separation was $62,046.73. The trial court assigned the property a $1.00 net value for distribution purposes. See Finding No. 13 in Addendum. C.B. alleges that the trial court should have instead used a negative value, offsetting the debt against $35,400. Given the lack of any support in the record for the trial court's valuation, we remand for further proceedings as to the market value of the Pokey Circle property.