Court Opinion

ID: 3817273
Source: CourtListenerOpinion
Date Created: 2016-07-06 07:53:29.175287+00
Date Added: 2024-06-11T07:39:26.227609
License: Public Domain

I pointed out in my original dissenting opinion that under the law announced in the majority opinion and under the agreed statement of fact, the wrongness of the majority opinion is established to an arithmetical certainty. Ordinarily, whether a decision is right or wrong is a matter of opinion, but herein I think otherwise. The hypothesis for the mathematical syllogism follows:
The agreed fact is that the tax value of this corporation is ................ $125,000.00 The only assessed item is for "Groc Stock" ................................   37,000.00 ----------- Balance unassessed value ........................   88,000.00 Motor vehicles otherwise assessed ...............   10,000.00 ----------- Balance admitted omitted value .................. $ 78,000.00
The admitted omitted value is agreed by the parties to be composed of the following items and species of property which are not mentioned in the exhibited assessment sheets:
(1) "Accounts or notes receivable".
(2) "Furniture and fixtures".
(3) "Money on hand".
The accepted rule of law stated in the majority opinion as announced in Re Assessment of Durant National Bank,107 Okla. 65, 230 P. 712, 4th paragraph of syllabus, is:
"If said corporation fails to report any item or species of property of any kind or character owned by it that it is called upon to report to the assessor, and the value thereof, the failure to report said items or species of property thereof is an omission and not an undervaluation of the property of the corporation", etc.
The query in the matter at bar is: Has any item or species of property been omitted from tax assessment? My answer is "Yes." A majority of my associates answer "No".
SWINDALL and CULLISON, JJ., concur.