Methodist Hospitals of Memphis v. Assessment Appeals Commission

OPINION

COOPER, Justice.

The appeal was granted in this case to review the holding of the Court of Appeals that the parking lot used by staff and personnel of Methodist Hospital in Memphis, Tennessee, is exempt from ad valorem taxes, beginning with the tax year, 1980. From our review of the record and applicable authorities, we are of the opinion that the hospital is entitled to the tax exemption sought, and that it begins with the tax year 1979 rather than 1980 as held by the Court of Appeals.

The property in question was acquired by the hospital on September 1, 1976. Since then, it has been…