Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1871-03-09
Revenue Laws for 1871,
Taxable Property.

geldings, mules, jacks, jennets,
neat cattle, sheep and hogs; also,
all moneys secured by mortgage
or deed Of trust; money in &C
tual or constructive possession /;
money due from solvent debtors,
whether by bond, bill single,
promissory note, or judgments;
also all articles of agreement
for the payment of money and
accounts on solvent parties,
bearing interest, owned or pos
sessed by any person or persons
whatsoever, except for notes or
bills for work and labor done {;
also, all shares of stock in any
bank, intuition or company,
now or hereafter incorporated
by or in pursuance of any lazy
of this State, or of any other
State and all public bonds or
stocks whatsoever, other than
bonds of the United States,
which, by the laws of the Uni
ted States, are expressly exempt
from taxation; all incomes from
bonds and stocks which are ex-
empted from taxation by the laws
of the United States or the State
Of Tennessee; and all money
loaned or invested at interest in
this State, or any other State or
Government, including money
of orphans, legatees and distri-
butees, under twenty-one years
of age; also, all household and
kitchen furniture, including
golden and silver plate, owned
by any person or persons, cor
poration or corporations also,
gold and silver watches and
jewelry ; all pleasure carriages
and buggies of two or four
wheels, upon their actual value ;
all salaries and emoluments or
fees of Office, together with all
other sources of revenue. and
property, real and personal,
now taxable by the laws of this
State, shall be valued and as
sessed, and subject to taxation
for all State and county pur-
poses. ........--
The tax that shall be assessed
and collected for State purpos-
es, on the value of the property
enumerated above, shall be the
sum of sixty cents on the one
hundred dollars of said property
SO assessed and valued, except
upon the following, which is
EXEMPT FROM TAXATION.
All property in this State in
which the widow of any Ex-
President of the United States
has any right, claim or interest
and all property, real, personal
and mixed, held by the State,
or any county, incorporated
city or town of the State, which
is used exclusively for public OF
corporation purposes, and such
as is held and used for purposes
purely religious, charitable.
scientific, literary or education
al; and personal property to the
value of one thousand dollars
i'll the hands Of each taxpayer:
and all personal property which
is the direct product of the soil,
whilst in the hands of the pro.
Queer, or in the hands of the
immediate vendee of the produ.
Ger, and all that's exempted by
section 542 of the Code.
MERCHANTS TAX. .
Merchants shall pay an ad
vdlorem tax upon the capital in
vested in their business at the
same rate as on property, and
shall also pay a License 'Ida
equal to the ad valorem tax /; but
lin no case shall the license tax
be less than five dollars-sec.
ton 5 of An Act passed Janua-
ry Is, 1870, being amended &C
cordingly. .5 yrrui73e
PRIVILEGE TAX. -i {
The same being collected and
payable to the Clerks of the
County Court of each county,
On Architects, Civil Engineers, a3
Plumbers and Gas Filters, and .-
on Physicians, Dentists and Sur
geors, provided their income is ."'
4 over 81 100 per annum s 1870
On Artists and Photographers in a..
cities and towns of over 1900
inhabitants, ..E .rr'ElE" $3.50
Do, in towns of from 800 to 5000 e..
inhabitants, 5000
Do, less than 800 inhabitants, 7.5C
On Brewers, lfLi .g<G et 5000
Brokers (other than Real Estate,) 10000
Brokers Of Real Estate, 150OC
and one-half Of one per cent, on
gross sales and rents. .gat-yfE--
Butchers, a -.-... ,s 1900
Bagatelle Tables, .''''' ..''' ..'.- $50
Billiard, Jenny Lind and Pool Ia