Board of Assessment Appeals v. City & County of Denver

Opinion by

Judge REED.

Respondents, City and County of Denver, its Board of Equalization, and Alan M. Chames, ex officio assessor, appeal the order of the petitioner Board of Assessment Appeals (BOAA) which reduced for ad valorem tax purposes the value of the subject real property owned by the petitioner Regis Jesuit Holding, Inc. (Regis) for tax year 1989. We affirm.

This action involves the valuation, as of January 1, 1989, of property located at 5001 Federal Boulevard, Denver, Colorado, owned by Regis. The property is occupied by a K-Mart store pursuant to a lease executed by Regis in 1965.…