Colo. Appeals Court Upholds Tax On Development Rights

Law360, New York (January 16, 2014, 5:38 PM EST) -- A Colorado appeals court ruled Thursday that the state's property tax administrator was correct in assessing ad valorem taxes on development rights owned by a Colorado company, finding ownership of the rights was tantamount to ownership of property for taxation purposes.

In a unanimous three-judge opinion, Judge Diana Terry dismissed The Village at Treehouse Inc.'s argument that it should not be forced to pay ad valorem taxes because it only held a right to develop property in the future, saying Colorado law taxes any and all...
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