Laclede Land & Improvement Co. v. State Tax Commission

tor, a Missouri corporation, is the owner of some 41,000 acres of land in Reynolds County. This is what, is called “out-over land,”1 which means land from which has been cut all the timber of value. It is averred that this land is not worth more than two dollars per acre; that the County Assessor wrongfully and fraudulently assessed it at $2.50 per acre; that the County Board of Equalization although fully apprised of the facts, raised the assessment to three dollars per acre; that the State Board of Equalization thereafter ordered and adjudged an increase of twenty per cent, which made the…