Island Resorts Investments, Inc. v. Chris Jones, Property Appraiser etc.

Appellant, Island Resorts Investments, Inc., which possesses a leasehold interest in a twelve-acre parcel of unimproved land on Pensacola Beach in Escambia County, appeals the trial court’s Final Judgment in favor of Appellees, Chris Jones, the property appraiser for Escambia County, and Janet Holley, the tax collector for Escam-.bia County. Appellant challenges the trial court’s determination that it is the equitable owner of the leased land and, as such, its leasehold interest is subject to ad- valo-rem real property taxes. For the reasons that follow, we reverse the trial court’s Final…