Knoxville Community Development Corporation v. Emanuel Bailey

This case involves a dispute over compensation for property taken by eminent domain. The Knoxville Community Development Corporation insisted that the property was worth only $19,500 and deposited that amount into the court. The landowner claimed it was worth much more. Following a trial, the jury found the fair market value of the property to be $25,700. The landowner appeals, contending that the trial court erred in instructing the jury that they could consider the tax assessment figures in their valuation of the property. We agree, and we reverse the trial court.