Tulane Imp. Co. v. Board of Assessors

Citations

• 121 La. 941
• 46 So. 928
• 1908 La. LEXIS 775

Syllabus

<p>1. Taxation — Assessment—Valuation.</p> <p>The value of buildings that do not belong to the owner of the soil should, for assessment purposes, be measured by what it would cost to replace them if they were destroyed.</p> <p>2. Same — Buildings on Leased Grounds.</p> <p>In such a case, the fact that the buildings are upon ground which • is favorably situated commercially does not add to their value as building's; that is tp say, considered separately from the soil upon which they stand.</p> <p>Assessment reduced to $50,000.</p> <p>(Syllabus by the Court.)</p>