The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1872-02-22
Iowa Tax Law.

SASSS
to rsfsr 70 the laws uader which our
taxes are levied and collected, We 70
produce the following from the lora
Voter, in which all the laws upon the
subject are collated into small space
aud plain form II may be worth
preserving:
In response to special request from
one Of our patrons, gentlemen famil-
lar with the subject has prepared us
the following synopsis Of the Tax Laws
OF Iowa. which it may be well TO pre-
serve for reference:
All property il listed, assessed and
taxed in the name ofthe owner thereof
on the first day Of January Of the cur
rent year. The following may Be
considered list Of taxable property
sufficient for general purposes:
All real estate held by any individ
ual for private purposes; horses. cattle.
mules. asses. or sheep, over one year
old; swine over six months old, money,
whether In possession or on deposit,
including bank bills, money, property
or labor due from solvent debtors on
contract or on mote. judgment, mort
gage or other like securities, and &C.
counts bearing interest household
furniture, including gold and silver
plate, excepting kitchen furniture,
beds and bedding requisite 10 each,
family. and the apparel Of every fami.
~ and person, actually used for wear
ing) /; vehicles Of every description,
farming utensils. machines and ma
chinery, and mechanics tools for their
aggregate value over one hundred dol.
lars.
Every inhabitant Of this State OF
full age aud sound mind. IL required to
assist the assessor in listing all property
in this State Of which he IL the owner
or has the control.
In making up the amount Of money
and credits which any person is requiT-
ed to list, or have listed and asssssed,
he will be entitled to deduct from the
gross amount all bona fide debts
owing b. him.
The Assessor is required to admin
lister An oath or affirmation TO each
psssoo aasesssd, 70 sio enecs tf,st ne
has given in full and correct inven.
tory Of oil the taxable PROF erty owned
and held by him.
It would be . good plan FIR every
tar. payer to at once make out . sche-
dule Of his property owned or held on
the first day Of January, and lay it
away, 10 that when the Assessor
comes, everything will be ready, and
much trouble be avoided thereby.
Taxes are due in November Of each
year. aud become delinquent, II not
paid on the first day of February fol-
lowing. when interest accruss at the
rate Of per cent. month for the first
three months, 2 per cent. . month for
the second period Of three months, and
three per cent. month for the third
period Of three months, and 4 per cent.
for every month thereafter.
On the first Monday in October after
delinquency, all lands are offered for
sale for the tax, interests and cost.
and il not sold, are again offered on
the first Monday in each succeeding
month. The purchaser has the right
10 pay subsequent taxes whenever the
same tAcomes delinquent; and to re-
deem the land the owner must. pay oil
taxes, interest. costs Of sale, aud the
penalty Of 30 per cent, with interest
on the whole ct the rate of TO- per cent.
per annum.
After three years from date Of sale
the right to redeem expires, except -
to minor heirs and insane persons.