New Hampshire Highway Hotel, Inc. v. City of Concord

This is a petition for abatement of real estate taxes brought pursuant to RSA 76:17 (Supp. 1977) by the New Hampshire Highway Hotel, Inc., against the city of Concord. During trial before the Master (Robert A. Carignan, Esq.), the principal dispute between the parties was whether the “full and true value,” or fair market value, of the plaintiffs property, RSA 75:1 (Supp. 1977), should be determined by the replacement cost less depreciation method used by the city or by the income capitalization method used by the appraiser engaged by the hotel.

The master found that, because of the unique…