Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-01-22
CERcULAR FROM THE ComrrRos.

return ifOin Those CITIZENS who have no real !
estate, and not over a thousand dollars |
worth of personal property. All such, how
ever, should be reported by the Assessor on !
his assessment book for the payment of
poh tax. Before reporting person for the
payment OF only a poll tax, the Assessor
should be fully satisfied, either from his
own knowledge or the best information he
can obtain, that such person has no real es-
tate, and not over thousand dollars worth
of personal property.
If the Assessor has a reasonable doubt
upon this point, he should furnish the cit
iZen with blank schedule, and require Of
him return Of his property, which return,
even If 1t shows no real estate and not more
than thousand dollars worth of PERSONAL
ty, should be entered upon his assessment
book and otherwise be treated as any other
returned schedule, unless the Assessor is
fully satisfied of its correctness. Each per-
son owning real estate should be furnished
with schedule and required to return his
realty. II is the duty of the Assessor TO
furnish blank schedules TO the taxpayers,
but the failure of the Assessor to do so does
not relieve the taxpayer from the duty of
returning his property; nor from the pen
allies imposed on those failing to make a
return.
2 Property is to be assessed to the party
who owned or claimed to own it on the
10th day of January. Any change of prop
erty or ownership since that time does not
affect this rule.
5. If a religious, charitable, scientific,
literary or educational institution has more
than fifty thousand dollars worth Of prop
erty, the excess in value is taxable, though
tiOn was created.
T. If an agricultural or mechanical assO-
citation OWLS real estate, worth more than
ten thousand dollars, The excess in value is
| taxable, though used for agricultural or me
chanical purposes.
If the Assessor has reasonable doubt
| about the property owned by any of the in
| stitu ions mentioned in the third paragraph
being of less value than fifty thousand dol
| lars, or about the real estate owned by any
| agricultural Ormechanical association being
| of less value than ten thousand dollars, he
should furnish to some officer OF such i'll
| stitution or association a blank schedule,
and require return of the property Of the
| institution OF association, which return,
| even though il should not exceed the value
prescribed above, should be entered upon
his assessment book, and otherwise treated
as any other schedule, unless the Assessor
| is fully satisfied of its correctness.
). ANY person entitled to an exemption,
| must claim it in the district or ward where
he resides, or if it is a corporation, institu-
ton or association, where it is located. If
such person has in the district or ward
where such exemption is claimed, property
entitled to exemption less in value than
the amount Of the exemption, and also
property entitled to exemption in another
district or ward, he may obtain i certificate
from the Assessor where exemption has
been claimed Of the amount Of the eXemp-
ton received on the schedule returned 10
him. and upon presentation of this cartifi-
cate to the Assessor Of another district or
ward where lie has property entitled to ex-
emption, said person may be allowed the
balance of the exemption 20 which he Is
entitled. The Assessor last allowing such
| remainder of such exemption much attach
the certificate Of the first Assessor TO the
schedule, and return it, with the schedule,
to the County Court Clerk. Noexeinption
is 10 he allowed in any other district or
ward than where the applicant resides with
out such certificate from the Assessor OF
his district.
fla merchant has not thousand dollars
worth of personal property outside of his
business IS a merchant, then he is entitled
to an exemption before the County Court
Clerk. But to obtain that, ne must bring
70 the Clerk the statement Of the Assessor
of the district or ward where he resides
showing the amount of the exemption he
has received. The Clerk will then allow
him the remainder of the exemption to
which he is entitled. and " i'll file with his
return the statement of the Assessor.
q. All growing crops, of whatever nature
or kind, are exempt from taxation SO, also
is the direct product of the soil Of this state
in the hands of the producer or his imme
diate vendee. The latter includes crop;
gathered. In addition, no article manutac-
tured of the produce Of this State shall
be taxed otherwise than to pay inspection
fees.
I. Property must he assessed in the dis
trict or ward in which il lies az the time o.
assessment. except stocks in banks, bank
inc associations or other corporations OF
Joint stock companies, which have to be
assessed in the district or ward where such
bank. banking association or other corpora
tion is located. If personal property has
been sold between the 10th Of January ant
the time Of assessment, it must be returned
in the ward or district where the person
giving it in resides at the time Of assess
ment. Notes. due bills, accounts and like
chooses in action IN the ewes Of the law, lie
in the district or ward where the owner re
sides. and must be returned there If Inc be
a resident of the ciate; ii nonresident
then in the district or ward where his agent
or attorney resides.
s. Ifthe description of real estate can
not be written out, rs required by the law,
i'm the blank form furnished by the Asses
sor. then the taxpayer can write it out OF
a separate piece of paper, and make it
part of his schedule by attaching il to the
blank.
Q. Under section Z, subsection l, Of the
act. each bank or incorporated company
must report the amount of capital stocA
paid in. Upon this amount the bank or iii
corporated company is not taxable. Bul
unless exempt from taxation by some othe
law. the bank or other corporation mus
also report the items in which said capita
stock is invested. stocks, bonds, bills re
ceivable. money, real estate and other as
SETS. with the value of each. The rea
estate must be taxed as other real estate
If its remaining assets DO not exceed II
value the amount of its capital stock, they
are not taxable; but if they do exceed IL
value the amount of the capital stock, ther
this excess in valuation should be taxed
Notes. due bills, negotiable paper, account:
and other assets, including cash ON hand o.
, on deposit in this State or elsewhere, men
toned i'm section I, subsection I, refer tC
such rs is owned by merchants as well a;
other persons. 1t is not necessary to return
such as are of no value.
Notes, accounts, etc, for rent OF real IS
, tate are subject to taxation without deduc
ton for insurance, taxes and repairs OF tho
! property. These are items which should
he taken into consideration i'll estimating
the value of the property. Notes gwen fol
: the purchase of property of any character
are taxable. There is no change Of the
law in this respect. There are certain re
, auctions to be made which are specified IL
|, treating of the 23d section of the act
, Notes, bonds, stocks and other securities
(unless exempt by law from taxation) OF
2 property deposited as collaterals, are taxa
2 bic.
II. The "other assets mentioned in sub
section 1 of section Z, refer to 'other as
| sets of like character TO those mention
, ed in the same subsection, and not tC