The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1860-01-11
CADlz OHIO WEDNESDAY, JANUARY H. 1860 il

able by the act OF 1881; for the act dl-
recting the revaluation had made no
change in the subjects of taxation.
The result exhibited striking increase.
The equalized value of the lands and
town lots was S73, 932, ,892. The Grand
List of 1885, embracing this valuation,
increased by the usual spring valuations,
amounted, exclusive of four counties,
whose returns had not been received, to
sos, ,927,396. In nine years the value
of taxable property had increased s37,-
452,8e9.
A third valuation was made in 1910,
and was equalized in l84l. The sub
iects of valuation were still defined by
the act of 1891. The equalizcd valua-
ton was 500, 9,l54,745. The Grand List
for 1871, embracing this valuation and
the additions for real estate and person
al property, made in the spring Of the
year, was 1928, 353,e57. The increase iu
five years had been $32, ,426,20i.
A thorough revision of the laws con-
cerning taxation took place in 1896
Important additions were made to the
subscriptions Of taxable property: cx-
efaptions were restricted and defined
withgreater precision; rules of appraisc-
ment were prescribed with a view to
ensure q closer approximation Of valua-
ton to value; the principle Of actual ap-
prasement was for the first time applied
to all objects Of taxation to which, in
the nature of things, it was applicable;
clear directions were given for the an
nual listing and valuation Of lands be-
coming taxable for the first time, of i'm
provements, and of all personal proper
ty, a new valuation of all real property
was directed, and provision was made
for future valuations in every sixth year.
The first general valuation required
by this act, being the fourth in the whole
series, was made in lS46, and was equal
lied the same year. The influence of
the wise provisions Of the new law was
conspicuous in its results, which for the
first time approximated, though still re-
motely, the actual value of the real
property in the State. The value of
that description Of property, as equal
lied, was 1924, 495, ,S04.
The Grand List of lS47, embracing
this equalized valuation, the spring val
uation of personal property amounting
to $50, ,564, ,430, and the other usual
spring valuations, exhibited an aggre-
gate of $4ln,763, l60. The increase in
six years had been almost Incredible
1t was 1921, ,4O9,503.
Before the time for the second valua-
ton under the act Of l846 had arrived,
new constitution had been adopted.
The principle Of that act, extended in;
its application to all property whatever,
with some specific exemptions, was now.
Incorporated into the fundamental Law;
and the first General Assembly under
the new Constitution, provided for q
general valuation and equalization Of re
al property in 1858, and every sixth
year thereafter. In pursuance Of this
act, the fifth general valuation took
place and was equalized in 1858. The
aggregate Of the equalized valuation
was $55S, ,542. The personal prop
erty listed the following spring was val
ucd at s297 ,O6l,572, The Grand List
for 1854, including with these values
those of the lands and new improve
mcnts listed in the spring, was 1855, ,929,-
9S2. The increase in seven years had
been again startling 1t was $45e, 1885,
1922.
The appraismcnt now more closely
approached the real value, and no such
apparently rapid augmentation of the
list could be in future expected.
The sixth valuation took place during
the past year, under an act Of the last
General Assembly, and its equalization
is not yet completed. According to the
returns made by the County Auditors,
under the act of April last, the aggre-
gate number OF acres taxed is 25,3l4,-
$50; the average value Of each acre,
SIT 4S; and the total value of the
whole real property $641, ,9l8,l5l. The
lists of the personal property included
in the spring valuations, are not yet
made. Should they show an increase
during the year proportioned to that of
the real property during six years, the
amount will not be less than S257, 900,
600; and the general aggregate, assum-
ing that the total valuation Of realty
will not be reduced by equalization, will
be about $9OO,0O0,O00. The increase
lOI SlA yCtllS VIII uC tbONG
The Grand List Of 1860 will donbe
less show, with reasonable accuracythe
true amount of taxable property III the
State. Returns of exempt property
from all the counties, except Hamilton
and Fayette, exhibit an aggregate of
Sl0,570,S59. These returns are doubt
less imperfect. The real amount of this
description Of property, in all the poun-
ties, including chattels, does not, prob
ably, fall much short of S50,00G000.
The Commissioner of Statistics, basing
his opinion on reports of actual sales, es-
Inmates the entire property in the State
at 81 $50, 100000.
The population of the State is now
about two millions and half. Such q
population, grown up from twenty-five
thousand of sixty years ago, educated,
energetic and interchangeable, and posses
sed of such a mass ofmeans, created by
the skill and industry of two genera
tions, presents a striking picture Of pro-
gress and power.
/ venture to suggest the expaliency
of directing the general valuation of re-
al estate, ai6er tne heAt, 10 pe Iuade
once in five years; SO that the results
obtained under State authority, may be
easily compared with those obtained
under Federal in the census years
while those obtained by the general val
uation in the intermediate years, and
the annual estimates, will supply the
means of determining the rate ofgrowth
and progress each year during the in
terval between those years.