The Minnesota Tax Court ruled in favor of the taxpayers, reducing the assessed values of their Lake Superior property for tax years 2022-2025. The 82-acre lakefront parcel was subject to a conservation easement restricting development, but the court determined the taxpayers could present valuation evidence disregarding the easement’s impact, as required by statute. The court found the taxpayers’ appraisal credible in determining market value without considering the easement, while rejecting the county’s reliance solely on the assessed values. [Johansson v. Cnty. of Lake, Minn. T.C., Nos. 38-CV-22-145, 38-CV-23-156, 38-CV-24-140, 38-CV-25-209, 02/20/26]
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