Regency West Apartments LLC v. City of Racine

Regency West Apartments sued the City of Racine to recover refunds from allegedly excessive taxation for tax years 2012 and 2013. The circuit court dismissed Regency West’s claims. The court of appeals affirmed. At issue before the Supreme Court was whether the City’s appraisals of Regency West’s property complied with Wisconsin law. The Supreme Court reversed, holding (1) the valuation methodologies the City used for the assessments at issue did not comply with Wisconsin law; (2) the lower courts erred in concluding that Regency West failed to overcome the presumption of correctness for the 2012 and 2013 tax assessments; and (3) Regency West proved that the City’s tax assessments for the tax years at issue were excessive. Remanded to the circuit court to calculate the amount of Regency West’s refund. View "Regency West Apartments LLC v. City of Racine" on Justia Law

Posted in: Tax Law

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