Esto Real Estate Corporation v. Louisiana Tax Comm.

This is a suit to annul a tax assessment of a partly constructed building, or, in the alternative, to reduce the assessment from $36,-000 to $13,500. The construction was commenced in October, 1928, and was one-fourth completed on the 1st of January, 1929. The contract price of the building, a three-story brick apartment house, was $90,000. In the assessment of the plaintiff’s property for the year 1929, the lots on which the building was being constructed were assessed at $4,610, a frame building on the lots was assessed at $1,000, and the partly constructed apartment house was assessed at…