State v. Carson City Savings Bank
Nevada Supreme Court
Appeal from the District Court of the Second Judicial District, Ormsby County. The facts are stated in the opinion. I. Under the revenue law -of this state mortgages are not taxable. Mortgages, by the express terms of the statute, axe not subject to taxation.
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Appeal from the District Court of the Second Judicial District, Ormsby County. The facts are stated in the opinion. I. Under the revenue law -of this state mortgages are not taxable. Mortgages, by the express terms of the statute, axe not subject to taxation. (Stat. 1877, 175.) This statute was undoubtedly- enacted by the legislature upon the theory that the character of property, which is embraced under the name mortgage, under the revenue system of this state, would •otherwise be taxed once, and that the taxation of property or values, represented or covered by the term mortgages, if taxed…
1Opinion of the Court
By the Court,
Leonard, C. J.:
The Carson City Savings Bank is a corporation duly incorporated under the laws of this state. The state recovered *150judgment for one thousand three hundred and forty-five dollars and fifty cents, on account of taxes alleged to be due for state, county and city purposes, for the year 1880, together with thirty-five per centum penalties for non-payment at the time required by law. The property assessed consisted of real estate, bank furniture, money in bank and money at interest, secured by mortgage upon real property. It is alleged in the answer that ‘' the said…
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- Coite v. Society for SavingsSupreme Court of Connecticut · 1864
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