Territory of New Mexico v. First National Bank

Citations

• 10 N.M. 283

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Board of Equalization — -Valuation on Capital Stock op Banks —Uniformity.—The Territorial board of equalization has power to equalize the valuation fixed upon the capital stock of banks, in the return or by the assessor or county boards of equalization where an examination of the tax rolls of counties shows that the valuation was not fixed with reasonable uniformity, and to equalize the same, so as to secure reasonable uniformity in the valuation and assessment of that class of property, without affecting other classes of property assessed with reasonable uniformity, and it is immaterial whether appeal has been taken by the taxpayer or not.</p> <p>2. Meeting of the Board — Notice.—The date fixed for the meeting of the territorial board of equalization gives notice to the taxpayer to be present and defend his interest liable to be affected in the equalization of taxes throughout the territory, and no other notice is provided for. ■</p>