In Re the Equalization Appeal of Lipson

Greene, J.:

Morris County appeals a decision of the Court of Tax Appeals (COTA), which reduced the valuation of a mobile home and other improvements owned by Edward A. Lipson and located on land leased from the Ciiy of Council Grove. The County argues that COTA erred in finding that the reduction was necessary in order to exclude “the value of taxpayer’s intangible right to the lot lease.” Lipson has not appealed the resulting valuation of $71,000 for his improvements. Concluding that leasehold interests are not taxable in Kansas, we affirm COTA’s decision.

Factual and Procedural Background

Lipso…