COLISEUM VICKERRY REALTY CO. TRUST v. CITY OF NASHUA

No. 84-251

126 N.H. 368 (1985)

COLISEUM VICKERRY REALTY CO. TRUST v. CITY OF NASHUA

Supreme Court of New Hampshire.

April 11, 1985


Attorney(s) appearing for the Case

Hamblett & Kerrigan P.A., of Nashua (Joseph M. Kerrigan on the brief and orally), for the plaintiff.

Steven A. Bolton, corporation counsel, by brief and orally, for the defendant.


BATCHELDER, J.

We are asked to determine whether the master properly applied the capitalization of income method in his valuation of the plaintiff's property in a tax abatement appeal. We affirm.

Consisting of 17.6 acres, the land is owned by Vickerry Realty Co. Trust, which leases the land to the plaintiff, Coliseum Vickerry Realty Co. Trust. The only building on the premises is owned by the plaintiff and is subject to a thirty-year lease executed in 1972...

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