Goldsmith's Division, Federated Department Stores, Inc. v. City of Memphis

OPINION

ERBY L. JENKINS, Special Justice.

The complainant, Goldsmith’s Division, Federated Department Stores, Inc., is a Delaware corporation which in 1969 operated a department store in downtown Memphis on real estate which was assessed for real estate taxes by the City of Memphis and the County of Shelby.

The City Assessor assessed Goldsmith’s property, consisting of eight parcels, at $1,977,000.00 for 1969 City real estate tax purposes, and the County Assessor assessed said property at an identical value for 1969 County real estate tax purposes. Both the City and County Assessors assessed…