Aeronautical Communications Equipment, Inc. v. Tax Assessor

JOHN J. KEHOE, Circuit Judge.

This cause came on for non-jury trial on the first day of April, 1968. Considerable testimony was presented on behalf of all parties, together with numerous exhibits and certain stipulations. The issue before this court is whether the tangible personal property tax assessment valuation on the property of plaintiff, for the tax year 1967, is arbitrary, unreasonable and exceeds the fair market value of said property.

§192.05, Florida Statutes, as it existed on January 1, 1967, required the tax assessor to value property known as stock in trade (or inventory), as a…