V-1 Oil Company v. Lacy

McQUADE, Chief Justice.

Plaintiff-appellant, V-l Oil Company (hereinafter appellant), an Idaho corporation with its principal place of business in Bonneville County, owned real and personal property in Bannock County which it used for the business of a retail gasoline service station. In 1972 appellant filed with defendant-respondent Ralph E. Lacy (hereinafter respondent), Bannock County Assessor, a taxpayer’s personal property declaration form on which appellant listed *469its personal property as “unknown.” Respondent made the 1972 valuation on the basis of a personal property list drawn up by a…