State v. Nevada Central Railroad
Nevada Supreme Court
Appeal from tbe District Court of tbe Third Judicial District, Eureka County; Peter Breen, Judge. Action by tbe State of Nevada against the Nevada Central Railroad Company and others. Judgment for plaintiff, and defendants appeal. This is an action by tbe state for tbe taxes for tbe year 1901 on 93 miles of main track and 2 miles of side track and tbe other real property of tbe Nevada Central Railroad Company, all situated in Lander County.
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Appeal from tbe District Court of tbe Third Judicial District, Eureka County; Peter Breen, Judge. Action by tbe State of Nevada against the Nevada Central Railroad Company and others. Judgment for plaintiff, and defendants appeal. This is an action by tbe state for tbe taxes for tbe year 1901 on 93 miles of main track and 2 miles of side track and tbe other real property of tbe Nevada Central Railroad Company, all situated in Lander County. The assessor placed tbe valuation at $158,100, and made tbe assessment at $5,68A97, which, with the statutory penalties, aggregates $8,063.48, the amount…
1Opinion of the Court
By the Court,
Talbot, J.
(after stating the facts):
In order that a clearer understanding may be had of the essential facts, we have detailed important parts of the testimony relating to the main issue in the case — the true cash value of the road in 1901. It not being shown or contended that the prospective is greater than the present value, it depends largely upon the amount of earnings and expenses of operation. Following decisions in other states, this court long ago laid down the rule that the cash value of a railroad for the purposes of taxation — which means the amount at which the…
2Cases cited32 opinions
- Sharp v. United StatesSupreme Court of the United States · 1903
- Home Insurance v. Baltimore Warehouse Co.Supreme Court of the United States · 1876
- Burton v. DriggsSupreme Court of the United States · 1874
- State v. BradySupreme Court of Iowa · 1896
- Clark v. FisherNew York Court of Chancery · 1828
27 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Assessors of Quincy v. Boston Consolidated Gas Co.Massachusetts Supreme Judicial Court · 1941
- Somers v. City of MeridenSupreme Court of Connecticut · 1934
- Chicago & N. W. Ry. Co. v. EvelandCourt of Appeals for the Eighth Circuit · 1926
- Parsons v. Detroit & Canada Tunnel Co.District Court, E.D. Michigan · 1936
- Chicago & N. W. Ry. Co. v. EvelandCourt of Appeals for the Eighth Circuit · 1926