People Ex Rel. Thornell v. Wabash Railway Co.

Wabash Railway Company appeals from the judgment of the county court of Macon county overruling certain objections to taxes extended against its property. The facts were stipulated.

The Illinois Tax Commission found the full value of the property of Wabash Railway Company in Macon county for the year 1939 to be $5,415,665. The commission then applied the equalization factor or assessment ratio of 39% and certified the assessed value of the property at $2,112,109. The commission further found that the average assessment ratio used throughout the State for 1939 was 35%. This figure was obtained…