Mineral Point tribune. [volume] (Mineral Point, Wis.) 1854-1858, 1858-06-01

From the Milwaukee Sentinel.
Abstract of the Assessment Law Passed a. the late
Session OF the legislature


turns is postponed forty DAYS for this weary
SIC l. Provides that every person corpora-
ton, etc, shall list his taxable property. II al
lows bone f1e debts 70 be deducted from the gross
amount of property It tells who shall list in
detail He shall list the real ane. personal prop
erjy subject 10 taxation, OF which such person IS
the owner, situate and being in the county in
which he resides and all monies Of which he is
TIE owner, in bis possession. or on deposit, sub
iect to his ordeE check or draft; and all credits
due from any person, body corporate or polite,
whether in or ont OF such county.
SIC. ,. The lists are TO be delivered to the
Assessor when required, verified By oath. If
there is property 10 be faxed, the person shall
set forth the fact under cath, under the penalty
Of perjury in this and the last case.
SEC. 3. Such statement shall truly and dis
tinctly set forth.
LIST The number of horses over one year old;
2nd. The number Of neat cattle over one wear
old
Bird. The number of mules and asses over one
and = half years old
4th. The number Of sheep over six months
old
9Th The number of hogs over six months old;
and the first day of June of the year when the
statement IS made shall be taken as the time TO
which the ages of all animals subject to taxation
shall refer;
9th Every pleasure carriage of whatsoever
kind
7'h Every gold and silver watch
6th Every piano-forte or other musical in
strument:
9Th All real property of whatever kind or na-
ture which such person Is by this act required
to list. Such person shall be required upon the
request Of the assessors to exhibit TO the assess
or the animals or other articles of real or per-
sonal property above enumerated
10Th. The goods and merchandise which such
person Is required 10 list as q merchant;
1lth. The materials and manufactured articles
which such person Is required to list as a man
ufaciurer;
18th. The money and credits required TO be
listed
18Th Farming utensils. mechanics tools. law
and medical books, surgical instruments and
medicines
ll,h. All household furniture, beds. bedding.
etc not exempted by law from taxation;
18th The corn hay, oats. rye, potatoes. fruits,
wheat, wool. pork, bacon aud
nth All other articles Of personal property
which such person is by this act required to
list.
SEC. i. Assessors TO make out their rolls as by
Chapter -, r. S, and on actual view, make
valuation Of real property at the usual selling
price al cash, the balance on time.
SIC. :. the Assessor shall leave a memoran-
dunn of the amount at which he values the prop
ertv. with another of the time when the town
Board of Equalization meets.
SIC e. Personal property 20 be valued at the
usual selling price, what the Assessor believes
1t would bring in money. Credits in the shape
al property. labor. or services, to be taken, but
uuiiquidatcd credits in the form Of book ac-
counts. having no connection with the leaning
of money. shall not be taxed. Annui les shall
be valued at such price IS the person listing the
same, believes them TO be worth In money. All
manufactured articles remaining unsold in the
hands of the manufacturer shall be valued At the
cost of the materials entering into their compo-
sifion. Sheep shall be valued without reference
t. the unshorn fleece. No person shall be re-
quirrd to list greater portion ofany credit than
he elisves to be collect8blc, nor any greater
pC.tl4n OF an obligation given Tor the payment
OF rent than the amount Of the rent that shall be
actually due. In making up the credits, which
any person is required to list for hins, # or for
any other person, company or corporation, lie
shah be entitled to dcducf from the gross amount
Of such credits. the houifde debts owing by
himself such other person, company or corpora
ton, rs the case may be. But no acknowledge
ment Of lude btcdDess, not founded ON actual con-
sideration, shall he considered debt. within
the meaning Of this act. And so much only of
any liability as security for others rs the per-
son making out the statement believes the per-
son Is legally and eqritahlv bound to pay on ac-
count of the inability of the principal debtor,
shall be deducted from credits.
SEC. :, 3, 3. II provide regulations concerning
merchants and manufacturers.
SEC. u. Assessors shall leave annually, be-
fore the lst of June (time extended 40 DAYS for
this weary notices requiring each person to make
out lists in accordance with this law, and shall
further time, when - days is given. The assess
or may administer the oath.
SEC. y. For each time Of refusal to make list
on cath fine Of ten to fifty dollars. to be pros
ecuted for by the assessor. Provides for cases
Of non-resdents.
SEC. -. The assesso, 10 complete their rolls
before the first Monday Of July. and to make
footingr-
SEC. II. Penalty Of $500 to 8 900 against
assessors refusing, neglecting' or eyading their
duties.
SEC, Is Secretary Of State to prepare and
transmit the necessary forms.
SEC. 10 Oath OF assessor.
SEC. u, l5- Exempts roads and banks other
wise taxed.
SIC. 10, 2I Duties Of Town and City Boards
of Equalization.
SIC. p. Clerks Of Boards Of Supervisors to
send, on or before the ID Monday in October,
abstracts to the Secretary of State
SEC. 26. Makes the Senate the State Board Of
Equalization, after this year.
SIC. 27. Secretary Of State to send to the
counties the result Of their equalization.
SEC. %. Secretary of State TO apportion the
per ccntum of State tax.
SEC. %. The returns Of the last year to be used
by the State Board Of Equalization for the pres
ent year.
SIC. 80. Extends time for Assessors returns
10 days for this year
SEC. 81. The law takes effect from publica-
ton (20ih May.)