Hansen v. City of Hoquiam

Citations

• 163 P. 391
• 95 Wash. 132
• 1917 Wash. LEXIS 773

Syllabus

<p>Municipal Corporations — Limit oe Indebtedness — ConstitutionAi, Provisions — Taxation—Value oe Property. The constitutional limit upon municipal indebtedness of “five per cent of the value of the taxable property therein to be ascertained by the last assessment,” does not mean five per cent of the assessed valuation, where the taxing officers assessed the property at fifty per cent of its value, as authorized by Rem. Code, § 9112, but means its actual value, or twice the assessed value as determined by the officers in arriving at the valuation for the purpose of assessment.</p>