State v. Woodward

Under our older statutes, in proceedings before the commissioners’ court for the correction of errors in the assessment of property for taxation, and on appeals therefrom to the circuit court, the issue was as. to the “fair market or real value thereof,” and on that basis the valuation was fixed. Code 1907, § 2148.

In State v. Bienville Water Supply Co., 89 Ala. 325, 8 South. 54, the language quoted was held to mean the property’s “cash, market value—the price it would sell for at cash sale, but not at forced sale.”

Section 7 of the Revenue Act approved September 15, 1919 (Gen. Acts 1919, pp.…