KK Appliance Co. v. Board of Tax Equalization

This- is .an appeal from a decree entered by the district court for Phelps County, affirming the action of the county board of equalization in fixing the valuation of plaintiff’s property for taxation purposes.

Plaintiff is engaged in' the retail sale ■ of - gas and electric appliances and liquid propane gas in the city of Holdrege. The fiscal year of the company is from October 1 to September 30. A complete inventory of its merchandise on hand was. taken on September 30, 1955. On March 23, 1956, plaintiff filed its personal property tax schedule showing merchandise on hand as of March Í,"…