Did the trial court err in approving the Departments modified assessment of BNRRs value?
[21] At trial, Department agreed there were calculation errors in its original valuation and it submitted a corrected version. In its findings and conclusions, the trial court approved the corrected valuation offered by Department. County and School District contend the trial court clearly erred when it adopted Department’s new valuation. They claim, individually or jointly, that the revised valuation was flawed because: (1) Department underemphasized the stock and debt method of ascertaining value while placing too much weight on the income and cost methods; (2) Department used a flawed methodology when determining value under the income approach; (3) Department incorrectly deducted $23 million from BNRR’s total unit value on the grounds it represented nonoperating property; (4) Department improperly deducted $2.5 billion for property that was not obsolete; (5) Department’s cost approach for determining value was redundant and had little relation to fair market value; and (6) Departme
