OWENSBORO NATIONAL BANK v. DEPARTMENT OF REVENUE


394 S.W.2d 461 (1965)

The OWENSBORO NATIONAL BANK, Appellant, v. DEPARTMENT OF REVENUE of the Commonwealth of Kentucky et al., Appellees.

Court of Appeals of Kentucky.

September 24, 1965.


Attorney(s) appearing for the Case

Ridley M. Sandidge (Sandidge, Holbrook, Craig & Hager), Owensboro, for appellant.

Robert Matthews, Atty. Gen., Wm. S. Riley, Asst. Atty. Gen., Larry A. Carver, Robert J. Reickhoff, Dept. of Revenue, Frankfort, Henry M. Griffin, Owensboro, for appellee.


DAVIS, Commissioner.

The appellant bank challenges the legality of the formula used in evaluating the bank's stock for ad valorem tax purposes. KRS 136.280(2). The assessment involved is for the tax year 1963, so that all matters arose and were adjudicated below prior to our decision in Russman v. Luckett, Ky., 391 S.W.2d 694.

Fundamentally, two challenges of the evaluation process...

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