Tuckerton Railroad v. State Board of Assessors

The opinion of the court was delivered by

Pitney, J.

Under the revised “Act for the taxation of railroad and canal property” {Pamph. L. 1888, p. 269; Gen. Stat., p. 3334, pi. 212) and its recent supplements {Pamph. L. 1905, p. 189: Pamph. L. 1906, pp. 121, 220, 571), the state board of assessors, on November 1st, 1906, valued and assessed the main stem and franchise of the prosecutor at the sum of $205,700, and its tangible personal property at the sum of $20,170. Afterwards, on complaint of the prosecutor, the board reviewed its assessment upon the main stem and franchise, and reduced the same…