Keyes v. Penn Square Mall Ltd. Partnership

BAILEY, Judge:

Appellant George C. Keyes, Oklahoma County Assessor (Assessor), seeks review of the Trial Court’s order finding that improvements to certain real property leased by Appellee Penn Square Mall Ltd. Partnership (Penn Square) should be assessed as real property. Herein, Assessor urges that the questioned property should be assessed as personal property.

Penn Square consists of buildings on and other improvements to real property, which real property is owned by third-parties and subject to a long-term lease in favor of Penn Square. In 1989, and again in 1990, Assessor proposed to…