The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1860-01-11

!, ascertalned by the assessors, together with
, that Of all. taxable personal property,
, computed according to arbitrary rates
Fixed by law, aided annually to the equal
lied value of the real property, was to
constitute the Grand List. and form the
basis of taxation for the current year.
Thus, in 1925, the valuation perma-
nently settled by the Board of Equaliza,
ton, with the valuations. in the spring, of
lands recently become taxable, of new
Improvements, aud of personality consti-
tuted the first Grand List under the act,
upon which weregto be. assessed the me-
cessary levies FOR State, County and Town
ship purposes The value of lands was
$50, 727, All; the value of town-lots and
personal property was $ls,745,O96. The
total valuation was S58,474, 4,507.
Important changes in the laws relating
}, to taxation were introduced in 1881.
An act of that year enlarged very con-
siderably the. descriptions of taxable prop
erty; reduced the list of exemptions, and
extended the application of the princi-
pie of appraisement and proportioned
contribution. 1t did not disturb, 3. how.
ever, the valuation of real property equal
!, lied in 1925; and it still retained. in
some of it's applications, the principle of
arbitrary valuation by The legislature.
! At length. after the lapse of nine years,
a re-valuation of all real property was
directed by the legislature in 1884; was
, made the same year, and was equalized
, in 1885. Ths property revaluee con-
sisted Of the descriptions made taxable
by the act of 1881; for the act directing
/, the re-valuatiou had made no change in
: the subjects of taxation. .-.--
The ,,result exhibited a striking in
:. crease. The equalized value of the lands
S and town lots was S73,952,s92. The
Grand List of 1885, embracing this valu,
: alton, increased by the usual spring valu.
S ations, amounted, exclusive of four coun-
, ties, whose returns had not been received
t to 500, 927,396. In nine years the value
t Of taxable property had increased $3T,
452,sS9.
4 A third valuation was made in 1910
: and was equalized in 1871 The subjects
: of valuation were still defined by the &C
:, of 1881. The. equalized valuation wa
t $99,l54,745. The Grand List for ! 81
: embracing this valuation, and the add
d tions for real estate aud personal proper
c ty, made in the spring OF that year, wa
h $l2s,S5S,657.-. The increase in 6v
e years had been S52 .526.26l ..- s,e-
Z A thorough revision of the laws con
in, 4
S, Important additions were made, to th
Of descriptions of taxable property; exemp
IS tions were restricted and defined wit
Of greater precision; rules of appraisemen
were prescribed with view to ensure
is closer approximation Of valuation to va
as ne; the principle of actual appraisemeu
b. was for the first time applied to all object
D. of taxation to which, in the nature {
ss things, it was applicable; clear .diret
al tons were given for the annual listing an
c. valuation of lands becoming taxable fe
st the first time, Of improvements. and {
ne all personal property; a new valuation
H. all real property was directed, and PR
al vision was made for future valuations
as every sixth year. -,-.. - ....3-. =.
re The first general valuation required
o. this act, being the fourth in the whole S
nd ries, was made in 1916, and was equalizt
ut the same year. The influence of the wi
ly provisions of the new law was conspic
be GUS in its results, which for the first tin
lis approximated, though still remotely, Il
by actual value Of the real property in t
nd State The value of that description
ny property, as eqnalized, was 1924. 1850
ty The Grand List of 1871, embrscil
IT. this equalized valuation, the spring yalu
20 ton OF personal property amounting
!. $s3, 964,43O, and the other usual spri
,ct valuations, exhibited an aggregate
ed S4IO,763, ,16O. The increase in six yea
Or had been almost Incredible. 1t was $28.
all 4O9,503. -.
ro- Before the time for the second valu
for ton under the act of 1S4s arrived, q n,
of Constitution had been adopted. T
Ia principle of that act, extended in its .
lty plication to all property whatever, wi
: some specific exemptions, was now inc,
in porated into the fundamental law; and t
lue first General Assembly under the n
Constitution, provided for general va
the alton and equalization Of real property
act 1853, and every sixth year thereaft
of In pursuance, of thissact, the fifth gene
hat valuation took place and was equaliz
at in 1858. The aggregate Of the equaliz
S valuation was 1858, ,725. 542. The p
of sonal property listed the following spri
de- was valued at $297, ,O5l, l,572. The Ora
BILE List for 1854, including with these vail
,ng those of the lands and new impro
res ments listed in the spring, was $S66, 80
ses- 9S2. The increase in seven years /
lue been again startling. 1t waS $456, Is
| of s22.
.lue The appraised now more closely
OTIS, preached the real virtue, aE6 no such
parently rapid augmentation, of the
jr a could be in future expected
Use. The sixth valuation took place dur
nal the past year, under an act of the
un- General Assembly, and its equalization