Graham County & the Arizona State Department v. Graham County Electric Cooperative, Inc.

HOLOHAN, Justice.

We accepted review of the decision of the Court of Appeals, 16 Ariz.App. 554, 494 P.2d 754 (1972), which reversed the decision of the Superior Court. The decision of the Court of Appeals is vacated.

Appellee, Graham County Electric Cooperative, Inc., brought two actions in the Superior Court of Graham County challenging the valuation of its property for the years 1968 and 1969 and seeking a refund of property taxes paid under the assessments. The actions were consolidated for trial.

The Arizona State Department of Property Valuation determined that appellee’s property in Graham…