Legal Opinion
Sherwood Co. v. Clary
Tennessee Supreme Court
Decided July 27, 1987PublishedCited by 11 opinions
1Opinion of the Court
OPINION
HARBISON, Chief Justice.
The issue presented by this appeal is the constitutionality of T.C.A. § 67-5-901(3)(A) dealing with the assessment of non-business tangible personal property. The statute was enacted as 1977 Tenn.Pub.Acts, ch. 337, § 2, and provides:
“All other tangible personal property shall be assessed at five percent (5%) of its value, except that for the purpose of taxation under this chapter, all other tangible personal property shall be deemed to have no value.”
Appellant is the owner of tangible personal property used in business as part of an apartment complex. Its…
2Cases cited5 opinions
- Lehnhausen v. Lake Shore Auto Parts Co.Supreme Court of the United States · 1973
- Carroll v. AlsupTennessee Supreme Court · 1901
- Snow v. City of MemphisTennessee Supreme Court · 1975
- Louisville and Nashville Railroad Co. v. Public Service Commission and State Board of Equalization of TennesseeCourt of Appeals for the Sixth Circuit · 1980
- Hanson v. United StatesSupreme Court of the United States · 1976
3Cited by11 opinions
- Highwoods Properties, Inc. v. City of MemphisTennessee Supreme Court · 2009
- Albert v. Williamson CountyTennessee Supreme Court · 1990
- In re All AssessmentsCourt of Appeals of Tennessee · 2001
- In the Matter of All Assessments, Review of Ad ValorumTennessee Supreme Court · 2000
- Kellogg Co. v. Tennessee Assessment Appeals CommissionCourt of Appeals of Tennessee · 1998
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