Case text for 200-302b, The Hilton Hotels Corp., d.b.a. The Netherland Hilton Hotel v. Bowers-- Sales and use taxes-- Exemptions can be access online.
Case brief introduction:
Property: Valuation, assessment, and equalization: Valuation methods in general: Hotels.– For Minnesota property tax purposes, the Hennepin County Assessor overvalued a taxpayer’s hotel. The property at issue consisted of a 22-story full-service hotel and the taxpayer protested the county’s valuation, contending the assessor valued the property at more than its market value. The taxpayer contended lower valuation on the basis of its appraiser’s valuation report.
Upon review, the Tax Court noted that the assessor’s estimated market value for the subject property, based on expert appraisals using comparable sales and income approaches, as of January 2, 2018, overstated its market value as of that date. Moreover, the taxpayer submitted sufficient credible evidence to rebut the prima facie validity of the county’s assessed value.