Opinion ID: 1914611
Heading Depth: 1
Heading Rank: 3

Heading: Amount of the Valuations.

Text: The district court was left with valuations arrived at under the cost approach. The assessor used two cost approaches, adjusted to reflect the market conditions in Sioux City and Woodbury County. He determined market value of taxable assets under the first method at $2,137,529 and under the second method at $1,911,067. Post-Newsweek's experts determined the market value of taxable assets under the cost approach at $2,082,617 and $2,229,135. Like the district court, we find the evidence supporting the use of the cost approach is more reliable than the evidence concerning the methods of valuation used by the assessor and the defendants' experts. We adopt the district court's valuation of $2,000,000 as correctly reflecting the market value of the taxable assets here and affirm its judgment. AFFIRMED.