Metropolitan Holding Co. v. Board of Review

This is a review of a published court of appeals decision 1 affirming an order by the circuit court for Milwaukee County, Honorable Charles L. Larson, Reserve Judge. The circuit court affirmed the Board of Review of the City of Milwaukee's decision to sustain the city tax assessor's assessment of Metropolitan Holding Company's property.

At issue is the proper annual income figure to be used when assessing a subsidized housing project under the capitalization of income approach. While the Board of Review of the City of Milwaukee (hereinafter referred to as "The Board") argues that annual income…