Fulton County Board of Assessors v. McKinsey & Co.

Smith, Judge.

This is an appeal from the superior court’s decision that certain improvements to leased space are not taxable to the taxpayer/lessee, McKinsey & Company. Because the improvements at issue are fixtures taxable as realty, and because the lease does not create an estate for years in McKinsey, we affirm the trial court’s conclusion that the improvements are not taxable as personal property.

The following facts were stipulated in the trial court by McKinsey and the Fulton County Board of Assessors: McKinsey occupies space in the Georgia Pacific Center pursuant to a written lease. When…