First National Bank v. Sanders County

In 1927 the plaintiff bank returned to the assessor of Sanders county a statement showing that its bank shares, after deducting real estate owned by the bank, were, for the purpose of taxation, of the aggregate value of $26,525. All the statutory requirements were followed in the assessment of the property and the levy of taxes thereon. As required by statute the bank shares'were placed in class six and the taxes were computed thereon for state, county, school and municipal purposes on the basis of forty per cent of the assessed value thereof. The amount of the tax was $756.85. After…