Kentucky Finance Company v. McCord

CULLEN, Commissioner.

The question is whether a taxpayer, whose intangible personal property has been assessed for ad 'valorem taxation at 100 percent of fair cash value, whereas the real estate of all taxpayers in his county has been assessed at not exceeding 29.7 percent of fair cash value, is entitled to relief in the form of a reduction of the assessment of his intangible personalty to the level of the assessment of the real estate.

According to a stipulation of the facts, certain intangible personalty of the Kentucky Finance Company was assessed as of January 1, 1953, at 100 percent of…