There was sufficient evidence as to this item to overcome the presumption of correctness of the Commissioner's determination and the Tax Court should not have disregarded it. Wigmore on Evidence, Sec. 714, p. 45; 20 Am.Jur., Evidence, Sec. 892; Baltimore American Ins. Co. v. Pecos Mercantile Co., 10 Cir., 122 F.2d 143, 147; U.S. v. 3969.59 Acres of Land, D.C., 56 F. Supp. 831, 837; Bateman v. Donovan, 9 Cir., 131 F.2d 759, 764; Lyle v. Ginnold et ux, 174 Wn. 104, 24 P.2d 449, 450; Application of Harper, 195 Okla. 386, 158 P.2d 472, 473. Blackmer v. Comm. of Int. Rev., 2 Cir., 70 F.2d 255, 256, 92 A.L.R. 982; Boggs Buhl Inc. v. Comm. of Int. Rev., 3 Cir., 34 F.2d 859, 860; Elkins v. Comm. of Int. Rev., 3 Cir., 91 F.2d 534, 537; Bardach v. Comm. of Int. Rev., 6 Cir., 90 F.2d 323, 326; Capitol-Barg Dry Cleaning Co. v. Comm. of Int. Rev., 6 Cir., 131 F.2d 712, 715; Wright-Bernet v. Comm. of Int. Rev., 6 Cir., 172 F.2d 343, 346; Farmer v. Comm. of Int. Rev., 10 Cir., 126 F.2d 542, 543; Planters' Operating Co. v. Comm. of Int. Rev., 8 Cir., 55 F.2d 583, 585.

Gypsy Oil Co. v. Karns, 110 Okla. 156, 236 P. 608. See also H.D. Youngman v. Girdner, Okla., 262 P.2d 693; Arkansas Louisiana Gas Co. v. Ackley, Okla., 410 P.2d 35; Application of Harper, 195 Okla. 386, 158 P.2d 472; Chase v. MacDonell, 154 Okla. 165, 7 P.2d 465. In the present case plaintiff testified he was familiar with lands values in the area and that he lived on a tract immediately north of the tract in question.

The evidence showed that Ackley was the owner and resided upon the land in question, and he claimed that he was familiar with land values in that area. In Application of Harper (Harper et al. v. Lord et al.), 195 Okla. 386, 158 P.2d 472, we held that an owner of realty, living thereon, and familiar with the value of the property for oil and gas purposes, was a competent witness to testify as to the property's value for an oil and gas lease. See also Chase v. MacDonell, 154 Okla. 165, 7 P.2d 465; Gypsy Oil Company v. Karns, 110 Okla. 156, 236 P. 608.