SMP II Ltd. Partnership v. Arizona Department of Revenue

OPINION

SULT, Judge.

Maricopa County and the Arizona Department of Revenue (“appellants”) appeal from a tax court judgment reducing the 1992 full cash value of the Sheraton San Marcos Resort to $6,780,000. Appellants also appeal from the tax court’s order denying their motion for new trial. SMP II Limited Partnership (“taxpayer”) cross-appeals from the tax court’s ruling that its expert witness costs were part of the total sum subject to the $20,000 cap imposed by Arizona Revised Statutes Annotated (“A.R.S.”) section 12-348(E)(5) (1992).

FACTUAL AND PROCEDURAL HISTORY

Taxpayer owns the San Marcos…