Wheelabrator Bridgeport, L.P. v. Bridgeport

Summary

The court held that the lessee of a formerly tax-exempt facility had standing under the governing statute to appeal taxes assessed against both real and personal property, even without pleading or proving the identity of the lessor. It further held that the trial court improperly treated the discounted cash flow method as legally unavailable for valuing a property without a rental market, requiring a new valuation trial, while affirming portions of the judgment concerning the unlawful tax and personal-property valuation. The court also held that evidence of municipal wrongdoing could be relevant to an interest award, that failure to provide a draft appraisal did not defeat subject matter jurisdiction, and that otherwise qualified but unlicensed appraisers could testify as experts.