Larue County Board of Sup'rs v. Lincoln Nat. Bank

Opinion op the Court by

Judge Harris

— Affirming.

The appellee bank has a capital of $55,000, divided into 550 shares of the par value of $100 each. The question presented by this appeal is whether this stock, as of July 1, 1943, should be assessed for taxes at a value of $110,000, as listed by the bank and adjudged by the circuit court, or at $160,219 as contended by the appellants.

The parties are agreed, as well they should be, that the value which should be fixed for taxing purposes is that prescribed by section 172 of the Constitution: “its fair cash value, estimated at the price it would…