Shields v. Department of Revenue

Carlisle B. Boberts, Judge.

Plaintiffs appeal from the defendant’s Order No. VL 72-14, dated January 20,-1972. The issue is the true cash value as of January 1,1970, of the plaintiffs’ shopping center, exclusive of the land (the true cash value of which is agreed to he $487,500). Involved in the ultimate question is the problem of taxation of tenants’ improvements, constructed or installed pursuant to “shell and allowance” leases.

Plaintiffs are copartners doing business under the assumed business name of Valley Biver Center. Valley Biver Center is a regional shopping center in Eugene, Oregon.

As…