First National Bank v. Board of County Commissioners

The Colorado Tax Commission ruled that a parcel of real property in the legal ownership of the First National Bank of Denver (Bank) and leased by the Grand Lodge I.O.O.F. of Colorado (Lodge), was not entitled to a tax exemption because it was not both owned and used for charitable ■ purposes as required by statute. In a district court action, the appellants challenged this ruling and sought an order requiring the tax commission to allow this exemption. The district court entered a judgment which af-. firmed the ruling of the tax commission, and the appellants initiated this appeal. We affirm…