The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1863-02-24
REVENUE LAW.

La" passed Dy the ~. u. Legislature at Its late
session, copied from the Standard
/ Levies an al raloren, tax of two-ffths of one
per cent upon the assessed cash value of the fol-
lowing, to-wit:
! 1st. Real Estate
I'd. All slaves in the State Except such as the
County Courts may exempt have exempted
from taxation on account of bodily or mental in
trinity to be ascertained by the same persons
who assess the value of lands.
! Sd. Money due from solvent debtors, or on
deposit with individuals or corporations: Con-
| federate and State Treasury notes to be con-
sidered "money." Tie person listing money on
hand at interest being allowed to deduct debts
owing by him principal, and also surety
where the principal is insolvent
/ 4th On money invested in Manufacturing and
Steamboat Companies, according to the shares as
fixed by the charter, if the shares be in corpo-
ration-if there be no incorporation, then on the
amount invested. A like tax is laid on money in
| vested in County or State Bonds issued since
February 23d, 1861; also money invested in
every species of trade aud traffic not otherwise
taxed 10 the bill.
5th. Household and kitchen furniture above the
value of $3.50, except such furniture is specif-
cally taxed.
9th. Horses, mules, cattle, hogs and other live
stock raised or kept for sale, and not for owners
use, subject to exemptions hereinafter set forth.
7th. All cotton and tobacco not owned by the
producer, or purchased by the owner for his own
use or that of his family and dependents: cotton
purchased for the purpose OF manutac turing to be
exempt from taxation, provided that no more cot
ton thus held for manufacture shall be exempted
than is needed for the consumption of ore year
The usual exemption of real estate are provided
for: Mechanical and farming tools, books, wearing
apparel for muster, canoes, or nets, seines Of
the value of $780, or less, are also exempt
Property taxed at higher rate than twoflths of
one per cent is not liable to said tax but is to be
listed separately.
An annual tax Of eight per cent. is laid on
every dollar of nett dividend or profit not pre-
viously listed, declared received or due, on or
before the 1St of April in each year, on money or
capital invested in shares in the Bank Of Wash
ington, the Merchants Bank of New Bernc, Bank
of Wadesboro, Bank Of Fayetteville, Commercial
Bank Of Wilmington, Farmers Bank of N. c.,
Bank Of Charlotte and Bank Of Yanceyville to
be exempted however from county tax
Stocks or interest held by individuals in all
corporations, ompanies, or business to be listed
the individual property Of holders in the counties
of which they are residents. At the first county
court of each county held on or before the first
Monday in March, and at the same term every
four years thereafter the court shall appoint
district courts of valuation, consisting of one
Justice Of the Peace and two free holders for each
school or Captains District, to ascertain the cash
value of land, other real estate, aud slaves re-
quired to be listed. Land is to be listed as here
tufore. In listing slaves, their name ages and
number must be specified. Town lois 10 je listed
and valued separately.
The District Boards are required to mplete
their lists by the lst Monday of April after their
appointment and on the 1st Thursday thereafter,
the justices of these boards are to meet at the
Court House and organize as County Board of
valuation, to receive, compare, aud examine the
lists returned, to hear appeals from district
ments, to order reassessments, if necessary, and
to return the corrected lists to the County Court
Clerk.
Takers of the tax lists shall not take the lists of
lands and slaves, but they shall be ascerained by
the County Court Clerk, and entered by him on
the tax lists to be furnished to the sheriff col
lector, from the lists of the assessors.
SCHEDULE \.
|. 4 tax of one dollar and twenty cents is laid
on every taxable poll; County Courts may exempt
old and nfrm persons. Soldiers in the actual
service of the State or Confederate governments
are exempt
2. Toll gates on turnpike roads, tol! br1 ges and
ferries are taxed ~ per cent on the amoun: of
annual receipts. Keepers Of houses of public
entertainment in town or country, whose annual
receipts amount to $500, are taxed one per cent
on tne1T TecelptS
8 Every gate, permitted by the County Court
to be erected across highway, is taxed SIS.
4. On note-shavers in addition to the tax im
posed the interest they may receive on notes or
bonds, a tax of ten per cent ON their profits,
which they required to list without deducting
their losses.
5. Persons engaged in buying and selling slaves
are taxed of per cent on the total amount OF
their purchases, (whether made in the State or
out of it, during the twelve months preceding
the 1st day of April
g. The came tax is laid residents of this
State, not regularly trading in slaves, who pur-
chase slaves in or oqt of the State to sell again:
T. Pleasure carriages, bugees etc, of the value
of fifty dollars are taxed one per cent on value.
Stud horses and jackasscs let to mares for price,
belonging to residents Of the State, taxed six
dollars unless the highest price demanded for the
season for one mare exceeds that sum, in which
case they are taxed the amount demanded. These
are to be listed and the tax paid in the county
where the owner resides.
8. Gold and silver plate, plated, and jewelry
worn By males of greater value than so, are
taxed one per cent value.
9. Watches, not kept for sale, one per cent.
on value; harps in use, 50 80 each; pianos in
use 81 so each; gold-headed canes in use, 81
each; silyer-headed canes, so cents.
TO- Resident surgeons, dentists, physicians,
lawyers, portrait or miniature painters, daguerrean
artists etc, commission merchants, factors, pro-
ducc brokers and auctioneers, State and county