Penn Phillips Lands, Inc. v. State Tax Commission

Edward H. Howell, Judge.

This case involves the true cash value of lands owned by plaintiff in Christmas Valley in Lake County,- Oregon.

In 1961 plaintiff, a California corporation, purchased 80,000 acres in Christmas Valley, a large basin of approximately 200,000 acres of high desert land in •southeastern Oregon. The remaining land in the valley is owned by private individuals and by tbe federal government through the Bureau of Land Management.

Plaintiff constructed a small lake, a lodge, airstrip, golf course and some other miscellaneous buildings. This area, with 3000 to 4000 acres…