For example, the Illinois Supreme Court has held that a grain elevator upon land leased along a railroad right of way is real estate. ... railroad or other company, the buildings and the lease or grant must be valued at what both together would sell for at a fair voluntary sale for cash (sec. 501 ... Such intent must be determined (1) from the nature of the property (i.e., whether easily removable), (2) whether theanbsp;...
|Title||:||Illinois real estate appraisal manual, 1942|
|Author||:||Illinois. State Tax Commission|