Cordish Power Plant Ltd. P’ship v. Supervisor of Assessment

Appellants, a power plant limited partnership and a power plant, leased from the City of Baltimore two adjoining pieces of real estate. After the properties were valued by the City's supervisor of assessments, Appellants challenged the valuations. The property tax assessment appeals board and tax court affirmed. In both cases, Appellant introduced appraisals and testimony that valued the properties at a lower figure based in part on the existence of ground leases owned by the City. The leases, however, were not introduced into evidence during the proceedings. The circuit court affirmed the valuation. The Court of Appeals affirmed, holding that the tax court did not err in its decision to disregard the effect of the ground leases because Appellants did not establish that the leases in issue restricted its use of the properties. View "Cordish Power Plant Ltd. P'ship v. Supervisor of Assessment" on Justia Law