Campbell v. City of Centerville
Supreme Court of Iowa
Appeal from Appanoose Circuit Court. The board for the equalization of taxes for the city of Centerville, in proper proceedings, increased the assessment of plaintiff from $5,000 to $15,000. Upon an appeal to the circuit court his assessment was fixed at $9,750, and a judg- ' ment rendered to that effect. The defendant appeals.
1Opinion of the CourtBeck, J.
The plaintiff is a banker, and the contention in the case involves the assessment of plaintiff'’s property employed in the banking business. He shows by his o#n testimony, and there is nothing contradicting his statements, that his capital employed in banking amounts to $50,000. This sum was made up of $25,000 in bonds of the United States, $10,000 United States treasury'notes, and real estate, $2,000, taxed as such. From the $50,000 these other sums must be deducted, as the bonds and treasury notes are not taxable, leaving $13,000 taxable capital. His deposits and bills payable seem to have…
2Cited by2 opinions
- Ottumwa Savings Bank v. City of OttumwaSupreme Court of Iowa · 1895
- State Exchange Bank v. Town of ParkersburgSupreme Court of Iowa · 1900