Hanover Investment Corp. v. Town of Hanover

The plaintiff, Hanover Investment Corporation (HIC), was denied a real estate tax abatement by the defendant, the Town of Hanover (town). HIC successfully appealed to the Superior Court {Smith, J.). The town now appeals to this court and HIC cross-appeals. We affirm in part, reverse in part, and remand.

HIC applied for an abatement of the town’s 1993 tax assessments of its eighteen commercial properties. The town asserted that the properties had an aggregate fair market value of $5,694,673 and rejected the plaintiff’s abatement request.

*378After filing an appeal in the superior court, the…