(Radio Iowa) – 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-thousand square feet with a six-thousand square foot garden center. The Marshall County Assessor appraised the store at 13-point-three million dollars ($13,323,780) in January of 2023. Walmart contested the property tax assessment, saying it should be eight-point-three million dollars ($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.