Frost Lumber Industries, Inc. v. Pickel

ROGERS, Justice.

The Frost Lumber Industries, Inc., was the owner on January 1,1931, of certain standing timber and 143,183 acres of land situated in Union parish. Within the time provided by law, the corporation returned its property for assessment purposes. The return classified the lands into agricultural, woodland, and cut-over lands, and carried a.separate valuation for each classification. The total valuation placed on the lands in the return was $580,351. This was at the rate of about $4 per acre. The taxing authorities, without classifying the lands and merely designating them as…