Taxpayers sought to have their NM telecommunications property revalued for tax year 1999 using the unit appraisal method of valuation. Taxpayers claimed the Department had an obligation to notify them of their right to elect between the cost valuation and unit appraisal methods of valuation and, had they been properly notified, they would have chosen the unit appraisal method. The responsibility for electing a valuation method is on the taxpayer, not the Department. Evidence provided by American indicated the taxpayer was aware of the election. ACSI failed to provide any evidence that it did not knowingly elect the cost valuation method when filing its 1999 rendition of value. Protest denied.
American Communication Services of Alb., Inc. and ACSI