Cowanshannock Coal & Coke Co.'s Tax Assessment

Opinion by

Mr. Justice Kephart,

At the triennial assessment, the taxable value of appellant’s coal property was fixed at $1,619,504. This assessment was sustained by the board of revision of Armstrong County. An appeal to the court of common pleas reduced this sum to $1,280,975. Appellant contends that certain elements of value were unlawfully considered in reaching gross property value. The questions presented are: May the taxing authorities, in fixing values for taxation purposes, consider a privately owned railroad as an item for assessment, or as influencing the market price of real estate?…