Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1847-02-17
From the Cipcinnati. Enquirer.
State Taxation,

L
State Taxation. I
We have received, from Columbus, a |
copy of the special report Of the Auditor of
State, Sin answer to resolutions ofthe Senate |
relative to taxes on real and personal
property; and on banks. :" l, is a very
interesting document; but is, made up Of
+. tabular statements, which preclude its full
use in the crowded columns Of a newspaper.
We must content ourselves with the use Of
such extracts as will be of general and
local interest. s>".a ~ go
The first table is devoted to the taxation
of banks which in its totals, under the
respective headings, presents the following
+. results -
Taxes paid by banks in ls4e s2s,66S, 80
! Taxes TO- which Banks would
have been subject in 1896, if
they had been ntaxedon their
capital, as money atSinterest, ~
for ail purposes 67,4ls,as
+ Taxes to which they would have
been subject in ls46, Iftaxed
rsts on ! their loans and discounts,
7est without any deduction for
debts 9G,05e, l8
Pri6bdbletax on Banks In lS47, -
on dividends @s4,572, 90
sRrnount for Is47,, fftaxed for'afl, i
purposes on discounts, without
- any deduction for + circulation se,es7,el
Amount for 1s47, iftaxedforall
purposes where located, on
- loans and discounts without ).
~ any deduction whatsoever 5s,s82,74
OF the foregoing items, the first three are
things certain, the rest but matters OF
estimate. Had we the leisure to 60 into the
calculations, we think we could readily
demonstrate that the estimate oftaxes upon
dividends for ls47, is much to high. The
hrst two items, however, settle oil con.
troversy upon the point, Of the advantages
resulting to the banks from the present
mode Of taxation; for they demonstrate that
these institutions paid less, during the year
1916, by taxes upon dividends, than they
would If one half their capital had been
assessed as money at interest, by $46, ,744,.
40. And less than if they had been taxed
on one halftheir loans and discounts, (being
their money at interest, by $6l $4,000.
The second table presents the amount Of
taxation levied in each county for State
purposes, for the years 1914, ls45, le46
and the estimate for ls47, at three mills on
the dollar. We Give the aggregate Of the
State.
For 1914 &946, ,94o, 63
(" ls45 Il ,OO6,O 70
&c ls4e ,'H ,l9S,2 ,222, 80
ri 1s47 (estinatcd) ,2tO,643, 80
We are strongly incIinedto doubt wheth
er the levy Of three mills on the dollar will
Weld the necessary amount for the present
wear, from tho fact that The canals canno
be reliedupoh, with safety, for any consider
able amount Of revenue. =.
.:ssD1ring the above years, tie taxation fol
Hamilton county has been, and will be al
follows: .s,,,,.,..5..-
lS45 ...... s7,O74, 63
"@ ls46 Il3,4sl, 81
d, >ls47 (estimalsdy l4a, ,lo5, 81
These amounts applied to. the aggregate
show that in 1914, Hamilton county pal
a fraction less than one twelfth of the who'll
state tax; in ls45, a fraction over on
twelfth; in 1916, a fraction under ono tenth
and in ls47, will pay q little over, on
ninth. ~ ~1.
The third table gives the total tax fo
state purposes, which each county woul
be required to pay in l8G, iftaxa.ion wer
apportioned among them according I
representation in tie General Assembly
In this, tho county Of Hamilton is set dow
at $e7,257, So; making a difference b.
tween this and the tax upon. property,
S76. 6.e47, ,55,-or more than one-half
Wo have also, in this table, the tax @
real estate and on personal property TO
each of the years Of 1874 and ls47. III
aggregates stand thus: =
Real Essats--For 1914 $744,745 0
6 ls47 .973,les 0
Psrsonal Property For ls44,203,oss 9
:" ls47 237, ,455
Tho same statement for the county
Hamilton is as follows:: ';s -
Real Es,a.e,for 1884 sa..4 aa7 s65,76e
do do ,ls47 u ,a.&l1s,65S
Personal Property for ls44 ll,eos {
do 90 ..,,y i lo4aas d. |2'4ol {
The disparity between. these two return
in the State at large is too great tor
correct cash valuations ~ Whilst the i
crease .oEstsxatomupon ,ihszeaity is ov'
40 per cent, that upon the personality,
only about Is per cent, This is not L
relative position which'ti1ea real estate al
individual wealth. apart fen ttthe. realt
have heretofore stood, 81, do now stand
each other, in Ohio. Wear not, howeve
surprised at the result, III view Of the syste
of taxution BY which it has been produce
The position We have heretofore taken
clearly fortified, that 50 long as the mo
Immediate and tangible evidences
Individual wealth, to wit, personal propert