Kohl’s Department Stores, Inc. v. Town of Rocky Hill

Full title: KOHL’S DEPARTMENT STORES, INC. v. TOWN OF ROCKY HILL

Court: Superior Court of Connecticut

Case: HHBCV156029185S

Date published: Aug 7, 2018

Fact:

Kohl’s Department Stores, Inc. (Kohl’s) appeals the valuation of its personal property by the town of Rocky Hill assessor for the Grand Lists of October 1, 2014, through 2017. The personal property includes furniture, fixtures, and equipment (FF & E).

Issue:

The primary issue revolves around the valuation of Kohl’s personal property, specifically the amount of depreciation applied to the original cost of each item. While both the assessor and the taxpayer have the right to question the depreciation factor, the burden lies on the taxpayer to establish aggrievement.

Decision:

The court determines the fair market value of Kohl’s personal property based on evidence presented by Kohl’s appraiser, Valcon. The court finds Valcon’s appraisal report credible, considering its exhaustive study of depreciation factors. Judgment is entered in favor of Kohl’s, accepting its amended declarations of the FF & E’s fair market value for the relevant assessment years.

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