Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1872-09-04
TIE NEW TAI Law.

1t is impossible to give in the limits of an
ordinary newspaper article a full synopsis Of
Tie revenue law passed at the last session OF
the legislature. We think il advisable. how
ever. to state i Few of the mufe prominent
anu important features. aid such rs Will be
of tile greatest value to the taxpayers OF our
county.
No private or individual property of any
kind is exempt from taxation. property Is
TO he assessed as upon the first day OF August
of each year. except that real estate sto be
assessed every two years: one assessment
thus furnishing the basis of taxation foi two
years.
All unpaid taxes become delinquent upon
the first of January next following the year
Tor which they are assessed and persons
paving such taxes after that time pay, a
penalty, the following rates of interest upon
such t.Xcs, viz: For taxes paid in January
percent; in February , per cent lin March
IL per in April - per cent. and : per cent
pcrmon,h for each and every month thereaf-
ter >lch faxes may remain unpaid. The collcc-
tor i To advertise all taxes remaining unpaid
upon lands or The first day of JIine in eacl,
year. obtain Judgment AT the July term of
the county court following, and on the Isl
Monday Of October succeeding. sell such
lands lur taxes, rs undcr the law o: 1866.
Lr.,l> sold for taxes may be redeemed at any
timr ifctorc the expiration 0ftwo years from
The LAY Of sale by paying the amount for
which the same was sold and the following
additional penalties. viz: Ifredrein-i with
in >iN months. 30 per cent. additional
twelve months % per cent additional. and.
irrcdcrmcd aftcrtwtlvc months have elapsed
from time Of sale, then by paving double the
amount for Which such land was sold, all
taxes and special assessments accruing after
sale, which the taX-purchaserS may have
paid, with 10 per cent. Interest upon such
additional taxes from the first day of Jamu-
AIRY of the year for which such We're paid.
Minors ana lunatic> are allowed one year
after disabilities are removed to redeem. 10y
payin" in addition to these penalties ten per
cent. interest upon the mount doubled, to
commence two years from date of sale.
Purchasers ut taN-SalcS obtain deeds for
property bought. if ut the expiration of two
wears The same be not redeemed. Ali prop
crtv not sold for want of bidders is to be for
fcitcd to the State, and at the Regular tan
sale in the wear 1879. ani every five years
thereafter. all forfeited property, remaining
un>old and unrc!rcmcl. Is to be offered for
sale to the highest bidder. ana if such prop
crty will not sell for want Of bidders. then
the forfcitureS OF such property as vii! not
sell shall bc cameo He'd.
Tax-dccds under this law are to he re.
ccivrd on all courts a> pIjDil .fdri' evidence
tina, ali things required to be done by thi,
law have been complied with PROVIDE, thai
the party coEtrovcrtlng such deed may. foi
the purpose of in>alidatinS the same. show
either one of the following facts. only: l>t.
that the land conveyed WAS not subject Il
taxation ut the time Of the assessments: ID
that the taxes had been paid sd. that the
land had been redeemed or redemption
money rendered. If the party claiming till,
under the taN-d-ed he defeated In al action
by or against him for the recovery OF the
land sold. the Successful claimant shall ii
the taX-dccd Except III the three eases abov,
~iven). the full amount of all taxes paid by
the tax purchaser on such lands at the time o
,.:. m "
. ,..,,. A.. .,,u ,,,
10y iaw.ani 10 percent. interest on such take
from tint of payment. Such Judgment t
he IL lien on the real estate in controversy.
,.rs fake ou1 and re.or,
:, deed for their pur.n,Sr> within two wear.
,ft,r,bc fine of rr~l,ur,iou .yp,rcs. .a,I
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