[DOWNLOAD] "Matter Assessment St. Joseph Lead Company" by Supreme Court of Missouri Division 2 " eBook PDF Kindle ePub Free

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eBook details

• Title: Matter Assessment St. Joseph Lead Company
• Author : Supreme Court of Missouri Division 2
• Release Date : January 11, 1961
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 73 KB

Description

This appeal by St. Joseph Lead Company involves the valuation of its property in St. Francois County for the purposes of taxation. In general the property consists of approximately 45,000 acres of land, known as ""The Lead Belt,"" in which the company has both mineral and surface rights. The appellant's principal business in St. Francois County is the mining, processing and milling of lead and its by-products. In the several areas devoted to mining and milling ore, some of them for almost 100 years, there are all the vast installations and complicated machinery necessarily incident to these operations. The 45,000 acre area is comprised of hundreds of tracts of land acquired over the years and that not devoted to mining consists of farmland, some timberland, and some of it has been developed into business and residential property, and a part of all these properties or interests has been sold or leased with mineral rights reserved. As of January 1, 1959, the assessor and, after applications for review, other taxing authorities of St. Francois County valued and assessed the St. Joseph Lead Company's property at $12,205,100.00. The company appealed to the State Tax Commission and on December 21, 1959, the commission reduced the assessment to $6,657,720.00 and the company immediately paid its taxes for that year based upon that valuation. In January 1960, St. Francois County and four school districts, proceeding under the Administrative Procedure and Review Act, filed a petition for review in the Circuit Court of St. Francois County and that court found that the State Tax Commission had abused its discretion in refusing to grant the county and the school districts a continuance and that its decision was ""wholly unsupported by and (is) contrary to competent and substantial evidence upon the whole record."" Whereupon the circuit court reversed the finding and order of the tax commission and fixed the assessed valuation of the lead company's property as it had been fixed by the St. Francois County Board of Equalization, at $12,205,100.00. The St. Joseph Lead Company has, of course, appealed to this court from that judgment.

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