Stephen & Stephen Properties, Inc. v. State Tax Com'n

SEILER, Judge.

This appeal from the action of the circuit court of St. Louis County affirming a decision of the State Tax Commission is here under Sec. 3, Art. V, Mo.Const., V. A.M.S., as involving construction of the revenue laws, specifically, the phrase “true value in money”, as appearing in Sec. 137.-115, RSMo 1969, V.A.M.S., with respect to the tax assessment of real property. Appellant is challenging the tax assessment of a new private tennis club. The assessment is based solely on the cost of reproduction of the improvements. Appellant contends that several other factors, which in its…