Dyanlyn Two v. County of Orange

The parties did not dispute the facts of the various transactions in this case, only the legal conclusions to be drawn from them. At the center, this case concerned the County of Orange’s property tax reassessment of a retail shopping center located in the City of Westminster. The Assessment Appeals Board and the trial court both concluded reassessment was proper because there was a change of ownership of the subject property when it was purchased by the long-term lessee and a third party investor. After review, the Court of Appeal concluded there was no change of ownership for property tax purposes and reversed the trial court’s judgment. View "Dyanlyn Two v. County of Orange" on Justia Law