Air Products & Chemicals, Inc. v. Board of Assessment Appeals

LEADBETTER, Judge.

The County of Lehigh (County) appeals from the order of the Court of Common Pleas of Lehigh County (trial court) granting Ah' Products & Chemicals, Inc.’s (Air Products) tax assessment appeal. The issues raised on appeal are whether the trial court: (1) erroneously employed a “value-in-use” analysis in determining the fair market value of the property; and (2) erred in awarding Air Products a refund for taxes overpaid rather than a credit against future taxes due. After review, we affirm in part and reverse in part. 1

The subject property is Air Products’ corporate…