Prang v. Assessment Appeals Board etc. CA2/1
This is the second appeal in this case. At issue are property tax valuations of a possessory interest in public rights- of-way held by real party in interest Time Warner Cable, Inc. (TWC). TWC held this possessory interest through agreements with local franchising authorities for which TWC paid an annual franchise fee of five percent of its revenue from cable television services. The Los Angeles County Assessor (the assessor), appellant
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