TDS Realestate Investment Corp. v. City of Madison

This is an action for declaratory relief. TDS Realestate Investment Corporation and Central State Telephone Co. seek a declaration that the real estate used by Central State in part for operating purposes and in part for nonoperating purposes is subject to proportional assessment for taxation under sec. 76.38(8), Stats. We conclude that it is not and therefore reverse the order and judgment.

The facts are undisputed. TDS owns real estate and improvements thereon in the City of Madison. It leases a portion of the principal improvement, an office building, to Central State, where Central State…