Omaha Paxton Hotel Co. v. Board of Equalization

This is an appeal by plaintiff, Omaha Paxton Hotel Company, from a judgment rendered by the district court for Douglas County affirming the action of defendant Board of Equalization in fixing the basic value of plaintiff’s land and improvements located at the southwest corner of Fourteenth and Farnam Streets in Omaha. The county assessor had fixed the basic value of plaintiff’s land for 1956 at $140,000, and of plaintiff’s improvements thereon at $1,054,000, or a total of $1,-194,000. After hearing, defendant dismissed plaintiff’s complaint that such valuations were excessive, and therefrom…