Appeal of Pennsylvania Co. for Insurances on Lives & Granting Annuities

Opinion by

Mr. Justice Sadler,

Appellant, residuary trustee under the will of I. V. Williamson, is the owner of a certain tract of land in Schuylkill County, containing 384 acres, and underlaid with one seam of Lykens Valley coal of problematical value. The land was assessed for taxation purposes, and the commissioners, acting as a board of revision, aided by the advice of experts, which was proper (Pardee v. Schuylkill Co., 276 Pa. 246), fixed a valuation of $99,840, purporting to represent 60% of the market value, subsequently reduced by the court below to 45% thereof, so as to establish…