Mercantile Trust Co. v. Schramm
Supreme Court of Missouri
Certiorari. (1) Under the Constitution and statutes, the valuation by the State Board of Equalization of any class of property is final and controlling and a fortiori is binding upon the local assessing authorities.
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Certiorari. (1) Under the Constitution and statutes, the valuation by the State Board of Equalization of any class of property is final and controlling and a fortiori is binding upon the local assessing authorities. R. S. 1909, secs. 11403, 11408, 11412; State ex rel v. Vaile, 122 Mo. 33; State ex rel. v. Adams, 172 Mo. 1. (2) The contention that the valuation at “true value” by the state board, prevents the lowering, but does not prevent the advance, of such valuation by a local board, is wholly untenable, and the statute so construed would deny the equal protection of the laws. R. S. 1909,…
1Opinion of the CourtRevelle, J.
Respondents are members of the St. Louis Board of Equalization and as such have the same general power of reviewing local assessments in the city of St. Louis as have county boards of equalization in their respective counties.
It appears from the record that the assessor of the city of St. Louis, as required by section 11357, submitted to the State Board of Equalization an abstract of the taxable property in the city of St. Louis and its valuation, including, among other things, “corporate company’s bank stock,” at a total valuation of that *493class of property in the city of St. Louis of…
2Cases cited2 opinions
- Railroad & Telephone Cos. v. Board of Equalizers of TennesseeU.S. Circuit Court for the District of Middle Tennessee · 1897
- State ex rel. Wyatt v. VaileSupreme Court of Missouri · 1894
3Cited by10 opinions
- May Department Stores Co. v. State Tax CommissionSupreme Court of Missouri · 1958
- FOSTER BROS. MPG. CO. v. State Tax Commission of Mo.Supreme Court of Missouri · 1958
- In Re St. Joseph Lead CompanySupreme Court of Missouri · 1962
- Columbia Terminals Co. v. KoelnSupreme Court of Missouri · 1928
- State Ex Rel. Thompson v. BethardsSupreme Court of Missouri · 1928
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