Landon v. Metropolitan Dade County

HENDRY, Judge.

In this appeal, appellant taxpayers attack the constitutionality of their 1970 tax assessment of certain shares of a closely held stock, owned by the parties in a family holding corporation not listed on an exchange and not regularly traded over-the-counter. Appellants attack any assessment of their stocks under § 199.051(2), Fla.Stat., F.S.A. (1969), which states:

“(2) Shares of stock, bonds or similar instruments of corporations not listed on any stock exchange or not regularly traded over the counter, shall be assessed at just valuation under rules and regulations promulgated…