Janss Corp. v. Board of Equalization of Blaine County

SPEAR, Justice.

After having suffered annual losses of approximately $650,000.00 for several years prior to December 1964, the Union Pacific Railroad at that time sold the Sun Valley Resort to Janss Corporation, appellant herein, for the sum of $1,863,843.00.- The property included 4000 acres of land ■ in Blaine County, Idaho, and the hotel and *929other buildings which were located on the land. In 1965 the property was examined for the purpose of tax assessment, and was valued at $4,000,000.00. After appellant objected to that figure, the tax assessor for Blaine County, a representative of the…