PENNSYLVANIA RD. CO. v. PORTERFIELD

No. 68-276.

16 Ohio St. 2d 136 (1968)

THE PENNSYLVANIA RD. CO., APPELLANT, v. PORTERFIELD, TAX COMMR., APPELLEE.

Supreme Court of Ohio.

Decided December 31, 1968.


Attorney(s) appearing for the Case

Messrs. Squire, Sanders & Dempsey, Mr. John Lansdale, Mr. William H. Lutz, Jr., Mr. David A. Nelson and Mr. Morris E. Knopf, for appellant.

Mr. William B. Saxbe, attorney general, Mr. Edgar L. Lindley and Mr. W. Robinson Watters, for appellee.


TAFT, C. J.

This is an appeal from a decision of the Board of Tax Appeals determining at $153,455,000, the assessed value for Ohio taxation of the Pennsylvania Railroad Company for 1966 (i. e., its assessed value as of December 31, 1965).

In substance and effect, the method used by the Board of Tax Appeals, in reaching that conclusion for the tax year 1966, was to start with the amount of the tax valuation of the railroad for the tax year 1965, with...

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