Johnson v. Saratoga Building, L.L.C.

J^STEVEN R. PLOTKIN, Judge.

This is an appeal in a property tax assessment case. Saratoga Building, LLC, defendant-appellant, appeals the trial court’s decision upholding the Assessor’s determination of the value of the commercial office building located at 212 Loyola Avenue in New Orleans, Louisiana. For the reasons below, we reverse the holding of the trial court and reinstate the decision of the Louisiana Tax Commission (“LTC”) determining the value of appellant’s property at $1,400,000.

The Assessor determined the assessment of the property based upon its fair market value of the property…