Heimerl v. Lindley

R. C. 5711.18 provides, in part, as follows: “ * * * In the case of personal property used in business, the book value thereof less book depreciation at such time shall be listed, and such depreciated book value shall be taken as the true value of such property, unless the assessor finds that such depreciated book value is greater or less than the then true value of such property in money.”

The duty of the Tax Commissioner in listing and assessing personal property for taxation pursuant to R. C. Chapter 5711 is to arrive at the true value in money of such property. Youngstown Sheet & Tube Co.…