People ex rel. Cord Meyer Co. v. Feitner

The relator seeks by this proceeding to obtain a cancellation of the assessment of its capital stock. The assessment was first placed at $500,000, but upon an application to the commissioners it was reduced to $51,800. The relator being still dissatisfied brings this proceeding. The property of the relator consists of both real and personal property, and the rule for ascertaining the taxable value of the capital stock is well established and is conceded by the relator. That value is to be ascertained by adding together the actual value of its real estate and personal property and deducting…