Wisconsin Supreme Court Rules In Favor of Walgreens

This makes sense.

In a decision that will have a far-reaching impact, the Wisconsin Supreme Court today threw out a common method of assessing property taxes involving the Walgreen Co.

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Madison and the other communities - including Milwaukee, West Allis, Cudahy, Hales Corners, Waukesha and Kenosha in the metro area - have been charging property taxes on the higher lease agreement. The company argued, and the court agreed, that the assessment should be based on market value, which is a lower figure.

The taxes should be based on market value.  Everything else is.  Think of it this way… if your home has dropped in market value by 20% in the past couple of years, do you want to be taxed by the market value or the value upon which your mortgage is based?