Nevada Tax Commission v. Southwest Gas Corp.

*310OPINION

By the Court, Thompson, J.:

This appeal is from a judgment in an action brought by Southwest Gas to recover taxes paid under protest. At issue is whether the Nevada Tax Commission properly applied its valuation formula for property tax assessment purposes to Nevada Northern Gas Company for the 1963-64 tax year.1 Following a trial de novo, the district court found an improper application of formula which caused an excessive tax in the amount of $20,457. Southwest Gas was given judgment for that amount and this appeal followed.

*311The formula adopted by the Commission to fix the value of gas…