Hardin v. State Tax Commissioner

The owner of the Park Plaza, a high-rise, luxury apartment building in Albuquerque, appealed the county assessors valuation of $2,657,000.00 to the county board of equalization. The refusal of the county board to lower the valuation was then appealed to the state tax commission pursuant to Sec. 72-6-13.1, N.M.S.A. 1953. The tax commissions order affirming the valuation fixed by the county assessor was then appealed to the district court where findings of fact and conclusions of law were made reversing the tax commission and concluding that the actual market value of the property for the year 1966 was $1,850,000.00. The tax commission now appeals to this court pursuant to Sec. 72-6-13.8, N.M.S.A. 1953.