First & Merchants National Bank v. County of Amherst

In December 1960 the appellants filed their petition under § 58-1145 of the Code to correct the assessment for taxation of their real estate in Amherst county. They alleged that the assessment for the years 1958, 1959 and 1960 was excessive and far more than the market value of the properties, and they prayed that it be reduced and that they be reimbursed for the taxes paid by them for said three years in excess of the amount they should have paid on a proper assessment. The property involved consisted of two dams across the James River, one at Big Island and the other at Coleman Falls, and…