Sears, Roebuck & Co. v. Maricopa County

ROSS, C. J.-

The stock of merchandise of Sears, Roebuck and Company was regularly assessed by the county assessor of Maricopa county for the year 1931 at a valuation of $36,715, upon which it paid its taxes amounting to $1,358.46, calculated on the basis of the county and state tax rate for the' previous year, and was receipted therefor by the assessor in full of its taxes for the year 1931. It owned no real property.

Thereafter, in August, 1931, the state tax commission, sitting as a board of equalization, increased the assessed valuation of said property $43,445. To prevent the county…