Commonwealth Plan, Inc. v. Kosydar

This appeal requires us to determine if the Tax Commissioner’s finding appellant’s dragline was unreasonable or unlawful.

R. C. 5711.18 provides, in part:

“* * * In the case of personal property used in business, the book value thereof less book depreciation at such time shall be listed, and such depreciated book value shall be taken as the true value of such property, unless the assessor finds that such depreciated book value is greater or less than the then true value of such property in money.

Appellant contends that because Big Muskie produced approximately one-third of its expected output…