The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1873-12-13

together with the Improvements and
buildings thereon or affixed thereto,
at their full, fair cash value, the same
being the price which could be obtain
ed therefor at private sale, taking into
consideration the fertility and quality
Of the soil, and all advantages of stu
alton. Said Assessor shall also value
all lands at their cash value,
without taking into consideration any
improvements that may be made there
on, and this valuation, as we'll as the
valuation with improvements, shall be
set down in proper column to be left
for that purpose. In-lots and out-lots,
with the improvements thereon or
affixed thereto, shall be valued at their
true and full cash value as aforesaid,
taking into consideration all the local
advantages, to be valued upon actual
view of the premises.
See. @. The Assessor shall at the
time of making the assessment and
taking the list required by the proceed
ing section of this ordinance, inform
the owner or owners, his, her, or their
agent or representative, if residing
within the city, or shall leave mem
orandum, containing description and
value of each tract, lot or parcel of
land, at his, her or their place of resi-
dence, containing the amount at which
his, her or their real estate has been
assessed respectively.
Sec. "a. Unoccupied lands shall be
listed in the name of the owner, it
known, otherwise as lands of persons
unknown s
Sec. Is. In cases of mortgaged real
estate the mortgagor shall, for the
purpose of taxation, be deemed the
owner until the mortgage shall have
taken possession of the mortgaged
premises, after. which the mortgage
shall be deemed the owner.
Sec. 26. The undivided real estate
of any deceased person may be listed
to the heirs or devisees of such person
without designating any of the heirs
or devisces by name until they shall
have given notice to the City Clerk
of the division of the same, and the
names of the several heirs or devisees
and the proportions allotted to each,
and each heir or devisee shall be La
BILE for the whole of such tax, and
shall have right to recover Of the
other heirs or devisees their respective
proportions thereof when paid by him.
/ See. q. Lands occupied by any per-
son not the owner thereof, shall be
listed in the name Of the owner. if
known, otherwise in the name Of the
T occupant; and for the taxes, if paid by
such occupant, he shall have his ac-
ton against the owner.
Sec. %. Real property shall be val
ued as follows:
First. Each tract or lot Of real
property shall be valued at it's fair
{ cash value, estimated at the price il
would bring at fair, voluntary sale
Second. Taxable ieasehold estates
/ shall be valued at such price as they
+ would bring at fair, voluntary sale
| for cash.
Third. When building or struc.
ture is located on the right of way Of
any canal, railroad OR other company
t leased or granted for a term of year:
, to another, the same shall be valued
, at such a price as such building ol
structure and lease or grant would
, sell for at fair. voluntary sale fol
! cash.
Fourth. In valuing any real prop
J erty on which there is gravel o.
, other mine, or stone or other quarry
: the same shall be valued at such /;
price as such property, including thu
) mine or quarry, would sell for at fair
: voluntary sale for cash.
Sec. 20. Personal property shall b,
listed between the first day of Janu
/ airy and the first day of June eacl
a year, when required by the Assessor
v and with reference to the quantit,
= held or owned on the first day of Jan
! uary in the year for which the proper
E ty is required to be listed.
: Sec. 30. Every person required by thi
ordinance to list personal property fo
: taxation, shall, when called upon, a
: herein provided, forthwith make
: full and true statement, in writing, t
the Assessor, in which shall be dis
d tinctly set forth correct description
: Of all the personal property of whicl
t such person was, on the first day 0
: January of the current year, the own
G er or holder as guardian, parent, hus
band or trustee, executor, receiver
! accounting officer, partner, agent O
s factor; and also all moneys and credit
! owned or held as aforesaid; and it shal
b be the duty of the Assessor to deter
}, mine and fix the fair cash value of a.
=, items of personal property, such cas-
II value being the market or usual sell
ing price at private sale at the plac
: where the property shall be at tn
! time of its liability to assessment
| DvousIoI that xrh0ro 4ho
n of character such that tie Assesso
= cannot examine it, nor estimate il
} value, or where it is not practicable G
J convenient for the Assessor to exam
d inc or value it, the party listing sue
= property shall state the value thereo
l. at the request Of the Assessor. TIL
Assessor shall, between the first da
IT of January and the first day of jun
q; in each year, call upon every perso
le required to list property for taxation
r, and take list of the taxable person;
IF property in this city, and assess tn
h value thereof in the manner herei
provided.
" Sec. 81. Personal property shall
lie valued as follows:
y First. All personal property, c,
Cept DIS utTelH oLleT Wise directed, ma
" be valued at its fair cash value.
ot Second. Every credit, for a SUI
certain, payable either in money {
n labor, shall be valued at fair cas-
t, value for the sum so payable; if fl
E. any article of property, or for labo
l. or services of any kind, it shall
valued at the current price of sue
he property, labor or service.
in Third. Annuities and royalti,
J. shall be valued at their then presel
in total value.
ID Sec. 81. All property of private co
~ porations, except in the eases whel
some other provision is made by LAY
4 shall be assessed in the name of IL
Oh corporation and in collecting the sam
all the personal property of such co
~ poration shall be liable to be seize