Benbrook v. Board of Assessment Appeals

SMITH, Judge.

Defendants, the State Board of Assessment Appeals and the State Property Tax Administrator, appeal from an order of the district court directing that plaintiffs be granted an abatement and refund of certain property taxes. We affirm.

In 1980 the assessor of El Paso County increased the assessed valuation of 48 condominium units in a four-building complex located in Colorado Springs, Colorado. The increase in the assessed valuation of the units was based entirely on their having been converted from apartments into condominiums in 1979. At the time of the conversion no physical…