Nordstrom, Inc. v. Maricopa County

OPINION

GEMMILL, Judge.

¶ 1 Nordstrom, Inc. and Scottsdale Fashion Square Partnership (“SFSP”) (collectively “Taxpayers”) appeal the property tax valuations for the Nordstrom department store (the “Store”) in Scottsdale Fashion Square for the 1999 and 2000 tax years. We hold that the Store is not a “shopping center” as defined in Arizona Revised Statutes (“A.R.S.”) section 42-13201 (1999) for property tax valuation purposes. In addition, Mari-copa County cross-appeals the omission of entrepreneurial profit from the tax court’s calculation under the cost approach. We affirm the judgment of the…