Northwest Land & Development of Montana, Inc. v. State Tax Appeal Board

This appeal comes from the Thirteenth Judicial District in and for the County of Yellowstone the District Court having upheld a decision by the State Tax Appeal Board, save a minor mathematical adjustment of the Board’s ruling.

The appellant is the owner of property located in Billings, Montana. In 1969, the appellant entered into a twenty-two year lease with the S.S. Kresge Company. S.S. Kresge, commonly known as K-Mart, leased the appellant’s building and land for an annual rental of $1.80 per square foot. Additionally, the appellant would receive a percentage of yearly gross sales beyond…