IBM Credit Corp. v. City of Bath

Because I believe that the Board improperly considered “value in use” in its determination of the just value of the computer equipment on April 1,1991 and April 1,1992, I respectfully dissent. The Constitution of the State of Maine requires that:

All taxes upon real and personal estate, assessed by authority of this State, shall be apportioned and assessed equally according to the just value thereof.

Me. Const, art. IX, § 8; see also 36 M.R.S.A. § 201 (1990). It is well-established under Maine law that “just value” is synonymous with true or market value. Shaumut Inn v. Town of Kennebunkport,…