American Bauxite Co. v. Board of Equalization
Supreme Court of Arkansas
Appeal from Saline Circuit Court; W. II. Evans, Judge; 1. The taxing .authorities of Saline County should have taxed each separate tract of land involved in this appeal ¡according to the market value of that tract. Article 16, § 5, Constitution; Kirby's Dig., § 6974; 62 Ark. 461, 463. As ¡to what constitutes “market value,” see 49 Ark. 381, 390; 25 N. J. Eq. 144-147; '27 Atl. 1057; 30 Pac. Ill, 49 Kan. 17; 6 Sup. Ct. 801, 805; 117 IT.
Read the full summary
Appeal from Saline Circuit Court; W. II. Evans, Judge; 1. The taxing .authorities of Saline County should have taxed each separate tract of land involved in this appeal ¡according to the market value of that tract. Article 16, § 5, Constitution; Kirby's Dig., § 6974; 62 Ark. 461, 463. As ¡to what constitutes “market value,” see 49 Ark. 381, 390; 25 N. J. Eq. 144-147; '27 Atl. 1057; 30 Pac. Ill, 49 Kan. 17; 6 Sup. Ct. 801, 805; 117 IT. S. 379; 29 L. Ed. 924; 38 Atl. 108, 90 Me. 193; 74 S. W. 370, 373; 101 Mo. App. 32; 36 Atl. 892, 60 N. J. Law 70. The “unit theory” of taxation of ¡appellant’s…
1Opinion of the CourtSmith, J.
This is an appeal from a judgment of the circuit court of Saline County, fixing the values for taxation for the year 1913 of certain tracts of land .belonging to the appellant, the American Bauxite Company. The county assessor assessed .the lands lat an aggregate valuation of $47,000,000, tand upon an appeal from this assessment to the board of equalization, the valuation was reduced to approximately $2,500,000. This valuation was arrived at by the board of equalization by estimating that appellant’s lands contained practically 5,000,000 tons of commercial bauxite, which had a value of $1 a…
2Cases cited3 opinions
- Union Refrigerator Transit Co. v. KentuckySupreme Court of the United States · 1905
- L. R. Junction Ry. v. WoodruffSupreme Court of Arkansas · 1887
- Laser v. JonesSupreme Court of Arkansas · 1915
3Cited by12 opinions
- Rowland v. City of TylerTexas Commission of Appeals · 1928
- Arkansas Public Service Commission v. Pulaski County Board of EqualizationSupreme Court of Arkansas · 1979
- Carson v. Missouri Pacific Railroad Co., ThompsonSupreme Court of Arkansas · 1948
- State v. Oliver Iron Mining Co.Supreme Court of Minnesota · 1936
- Drew County Timber Co. v. Board of EqualizationSupreme Court of Arkansas · 1916
7 more not listed; retrieve them via the Exa API.