Nemaha County Bank v. County Board of Equalization & Assessment

The inquiry is whether, in the assessment of the shares of stock in a banking corporation, there should be deducted from the total valuation of the shares the real estate mortgage securities, forming part of the bank’s assets. The bank, plaintiff and appellant, might say that the question would be more fairly put as follows; Should such assets be considered at all by the assessor in assessing the value of the shares of stock to the owners thereof1? In view of the constitutional provision that all property must be taxed in proportion to value, it is difficult to say that any of the property of…