Xerox Corp. v. Blake

BASKIN, Judge.

Appellee Blake, property appraiser for Metropolitan Dade County, assessed Xerox Corporation’s 1977 leased personal property taxes at $28,100,053. Xerox contested the assessment by filing an action against the property appraiser, the tax collector, and the Department of Revenue. In that action, Xerox contended that the appraiser should have utilized income capitalization1 rather than depreciated list price in computing the taxable value of leased equipment. According to Xerox, the income capitalization method would have produced a lower assessment of $15,338,280. Pointing to the…