Board of County Commissioners v. Denver Union Water Co.

The county assessor of Arapahoe county added to the tax schedule of The Denver Union Water Company an item which he called a ‘ ‘ franchise, ’ ’ and for the purposes of taxation fixed its value at two millions of dollars. Sitting as a board of equalization, the board of county commissioners of the county afterwards reduced this valuation to three hundred thousand dollars, and levied the various taxes upon it. The water company, asserting that this franchise was not taxable either under the constitution or the revenue laws of the state, filed its petition before the board in which it asked, for…