Astoria Plywood Corp. v. Department of Revenue

Edward H. Howell, Judge.

This case involves the true cash value of plaintiff’s plywood manufacturing plant in Astoria for the tax year 1968-69.

The county assessor found the true cash value of the subject property to be $1,678,100 and on plaintiff’s appeal to the Department of Revenue the value was reduced to $1,513,400, which was broken down as follows :

Account #9 CB 89-68

Buildings and yard $ 248,800

Machinery and equipment 1,226,000

Total $1,474,800

Account #8 DA 89-3

Buildings and yard $ 23,400

Machinery and equipment 15,200

Total $ 38,600

Total both accounts $1,513,400

The plaintiff alleged that…