Seaboard Coastline Railroad v. Department of Revenue

CHARLES E. MINER, Jr., Circuit Judge.

Final judgment: This is an action by Seaboard Coastline Railroad Company (“Seaboard” hereafter) against the Department of Revenue of the state of Florida (“state” hereafter), challenging as excessive an ad valorem tax evaluation made by the state upon railroad operating property for the 1976 tax year.

Seaboard’s claim is two-fold. First, it asserts that the valuation of its operating property for the 1976 tax year, as determined by the state is substantially in excess of the just value of such property. Secondly, Seaboard maintains that it has been…