Ballard County v. Citizens State Bank of Wickliffe

STANLEY, Commissioner.

The main question is whether the Kentucky Tax Commission may of its own volition and without notice raise the valuation for taxation of shares of stock in a bank after an assessment has been made by the local tax commissioner and approved by the county board of supervisee. A subsidiary question is whether relief from such affirmative action may be had in a suit in equity rather than by an appeal.

The circuit court enjoined the Commission, the Department of Revenue and the local taxing officers from putting such a raise in effect.

The Citizens State Bank of Wickliffe duly…