Rainbow Springs Partnership v. County of MacOn

COZORT, Judge.

Rainbow Springs Partnership (hereinafter “Partnership”) appeals from a ruling of the State Property Tax Commission (hereinafter “Commission”) assessing the value of a 2,252-acre tract upon which the Partnership granted conservation easements. The Commission determined that the highest and best use of the property, both before and after the granting of the easements was, and is, “for hunting, fishing, and other recreational activities”; found the granting of the easements reduced the value of the encumbered property by 45%; and concluded that the true value of the encumbered…