IBM Credit Corp. v. City of Bath

GLASSMAN, Justice.

IBM Credit Corp. appeals from the judgment entered in the Superior Court (Kenne-bec County, Alexander, J.) affirming the decision of the State Board of Property Tax Review determining the just value for tax purposes of certain mainframe computer equipment owned by IBM. IBM contends that because the Board erroneously did not utilize the fair market value of the equipment to determine its just value, the trial court erred in affirming the Board’s decision. We affirm the judgment.

The record reflects the following pertinent facts: IBM acquired the computer equipment in 1989 at a…