Stratford v. Jacobelli

Summary

The court held that the defendants' portable aircraft hangars were taxable real property because they were enclosed, roofed structures suitable for storage and therefore fell within the statutory terms "buildings" or "sheds." The court further held that the statutory exemptions for state-owned or qualifying airport property did not apply, that the tax exemption for the underlying municipal land did not extend to the privately owned hangars, and that the grant-in-lieu-of-taxes statute did not affect their taxability. The judgment was affirmed.