REBELWOOD, LTD. v. HINDS COUNTY

No. 58138.

544 So.2d 1356 (1989)

REBELWOOD, LTD., a Mississippi Limited Partnership v. HINDS COUNTY, Mississippi, and City of Jackson, Mississippi.

Supreme Court of Mississippi.

Rehearing Denied June 28, 1989.


Attorney(s) appearing for the Case

Shane F. Langston, Holcomb, Dunbar, Connell, Chaffin & Willard, Watkins, Ludlam & Stennis, Jackson, for appellants.

Natie P. Caraway, Edward C. Cohen, Wise, Carter, Child & Caraway, Jackson, for appellee.

Before ROY NOBLE LEE, C.J., and ROBERTSON and ANDERSON, JJ.


ROBERTSON, Justice, for the Court:

I.

This is a dispute over the assessed value placed upon a federally subsidized low-income housing complex. Our question is whether the public assessor, when making such an assessment for purposes of ad valorem taxation, may consider enhancements to value flowing from benefits enjoyed by the property in the form of various federal subsidies. Because our law mandates that property be valued and assessed according to its...

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