By: Derek Hawkins//August 17, 2016//
WI Court of Appeals – District II
Case Name: JFM1, LLC et al v. City of Sheboygan
Case No.: 2015AP1905
Officials: Neubauer, C.J., Gundrum and Hagedorn, JJ
Focus: Tax Levies
The City of Sheboygan (City) appeals from a judgment awarding a tax refund to JFM1, LLC, and NRCF Memorial Holdings, LLC, (collectively JFM) for excess taxes levied on the Memorial Mall (Mall) in the four years spanning 2010 through 2013. The City argues that the circuit court
was required to consider a 2015 posttrial transaction which included the sale of the Mall together with an adjacent Sears store and land parcel in determining the Mall’s 2010-2013 value, either because it constituted a recent arm’s-length sale of the Mall or because it reflected on the Mall’s highest and best use for purposes of a comparable sales analysis. We reject the City’s arguments and affirm.