Board of Assessors of Lynn v. Shop-Lease Co., Inc.

The board of assessors of Lynn appeals from a decision of the Appellate Tax Board (the-board) granting abatements of 1970 and 1971 real estate taxes to Shop-Lease Co., Inc. (Shop-Lease). The parties stipulated before the board “that for purposes of this hearing only substantially all properties assessed by the Board of Assessors of the City of Lynn during the years . . . 1970 and 1971 were, as a matter of policy, assessed at 30 percent of the fair cash value of such properties.” The premises were leased by Shop-Lease to various tenants for office and retail uses.

The parties in their…