Valvoline Oil Company's Appeal

Per Curiam,

Appellant is the owner of a three-story brick office building, well located on the edge of the business district in the City of Franklin. The building is upwards of twenty-five years old but has been well maintained. All three floors are occupied by tenants but the total rentals received show little profit after deducting operating and maintenance expense. The property was assessed for county purposes in 1940 at $40, 000 and by the city assessor, for the same triennium, at $45,000. The board of tax revision and appeals of each municipality refused to reduce the assessment and on…