CVS EGL Fruitville Sarasota FL, LLC v. Todora

SILBERMAN, Judge.

This appeal arises out of a final judgment upholding the Sarasota County Property Appraiser’s 2006, 2007, and 2008 ad valorem tax assessments of ten properties leased by CVS EGL Fruitville Sarasota FL, LLC, and Holiday CVS, LLC (collectively “CVS”). The Property Appraiser’s assessments totaled approximately $97 million while CVS’s outside appraisals of the same properties totaled approximately $59 million. We reverse because the trial court erroneously employed the “any-reasonable-hypothesis” standard in evaluating the Property Appraiser’s assessments.

The proceedings below…