WASH. COUNTY BD. OF EQUAL. v. PETRON DEVEL. CO.

No. 03SC787.

109 P.3d 146 (2005)

Petitioners: WASHINGTON COUNTY BOARD OF EQUALIZATION; Ronald L. Shook, in his official capacity as the Washington County Assessor; and The Colorado State Board of Assessment Appeals, v. Respondents: PETRON DEVELOPMENT COMPANY and Mary E. Huddleston, Property Tax Administrator for the State of Colorado.

Supreme Court of Colorado.

March 28, 2005.


Attorney(s) appearing for the Case

Berg Hill Greenleaf & Ruscitti LLP, Josh A. Marks, Heidi C. Potter, Boulder, Duncan, Ostrander & Dingess, P.C., James Birch (Special Counsel), Denver, for Petitioners Washington County Board of Equalization and Ronald L. Shook, in his official capacity as the Washington County Assessor.

John W. Suthers, Attorney General, John D. Baird, First Assistant Attorney General, State Services Section, Denver, for Petitioner Colorado State Board of Assessment Appeals.

Holland & Hart, LLP, Alan Poe, Greenwood Village, Marcy G. Glenn, Denver, for Respondent Petron Development Company.

John W. Suthers, Attorney General, Larry A. Williams, First Assistant Attorney General, Department of Revenue, Business and Licensing Section, Denver, for Respondent Mary E. Huddleston, Property Tax Administrator for the State of Colorado.

George N. Monsson, Morgan County Attorney, Fort Morgan, for Amicus Curiae for Colorado Counties, Inc.

Colorado Oil & Gas Association, Kenneth A. Wonstolen, General Counsel, Denver, for Amicus Curiae Colorado Oil & Gas Association.


HOBBS, Justice.

This property tax case involves the valuation of oil leaseholds for real property taxation purposes pursuant to Colorado law.1 We granted certiorari to review the court of appeals' decision in Petron Development Co. v. Washington County Board of Equalization, 91 P.3d 408 (Colo.App.2003), allowing the deduction of certain processing costs on the leasehold site.2...

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