[Download] "Peo. Ex Rel. Munson v. Morningside Hgts" by Supreme Court of Illinois * eBook PDF Kindle ePub Free

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eBook details

• Title: Peo. Ex Rel. Munson v. Morningside Hgts
• Author : Supreme Court of Illinois
• Release Date : January 20, 1970
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 66 KB

Description

The county collector of Winnebago County applied to the circuit court of that county for judgment for delinquent 1966 real-estate
taxes which had been paid under protest by Morningside Heights, Inc. Objections were filed by the taxpayer alleging that its
property had been so excessively overvalued as to constitute constructive fraud. After a hearing, the circuit court of Winnebago
County dismissed the objections and entered judgment for the full amount of the tax. Since the revenue is involved, the taxpayer
has appealed directly to this court. Ill. Rev. Stat. 1969, ch. 110A, par. 302(a). The real estate concerned consists of a 75-80 year old building, housing apartments and a store. It was described as being
in a poor state of repair. Initially it had been given a 1966 assessed valuation of $39,000, but the valuation was later
reduced to $36,000 by the board of review of Winnebago County. In the year in question, 1966, real property in the county
was assessed at a rate not to exceed 55% of its fair cash market value. Using this prescription, it would appear that the
taxing authorities had determined that the fair cash value of the taxpayer's property was about $65,000.

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