, 1879-06-07
THE CHANCES IN THE REVENnp r.~

In the South. 3'''
THE CHANCES IN THE REVENUE TAM
Wo print this morning q full atatana.,,
md explanation Of the changes made tv II,
Legislature in tho novenuo law Of thu st,,.
The row 1aw provides for tho nssegsruen, -
1880 of tue real property in the state. mi
once In every fonr years thereafter nj.
assessment to continue during Tho fony
years' tho present assessment is annual
Under this law The books mnie out l,y N.
Assessor shall continue in ,1so dur;uo n,
whole four years, instead OF being mai.
now annually, as ut present Horcafter. ,l,s
Assessor shall annually report tho values NJ
all improvements crentod or made on lind
or lcsH, Or ang loss OF Improvement by fir.
OF othorwiso, aud those additions Or lcduc,
tions shall be notod in tho general asses,.
ment. Each year tho e1tcntions Of t,ye,
therefor shnll DO mado on tue Assossor,,
books, 1uatoad Of now book for tho Chi.
loctor rs now. TAe warrant for collecting
Ia attached to tho Assessors book, which to,
comes tho Collectors book.
Tue law makes ono general sweep Of thu
various books now required for tho col]cn.
tlon Of texes,-the delinquent list, tho lit for
judgment, aud tho judgnsont record, reasmp.
ton aud forfeiture Lists, ,-and consolilates ali
these particulars into ono book. IN this
way, tho bookkeeping and the duplication Of
tho tax-list In various forms is reduced 10 TIN
minimum, It will In thls county reduce
tho number Of manuscript volumes ut least
ono hundred annually.
Another amendment requires personal
property to be listed under oath
The penalty on lnnds forfeited to ths
State for nou-paymont Of ta1cs is Increased
from 10 to 81 por cent.
ALI lands become delinquent when the taz
Is not paid On tho 10th Of March, nnd after
May tho tax will bear interest at per
cont per month until paid. Hereafter ia.
decd is to DO considered ~ final rs against
my objection which might lnave been mads
boforo judgment, except in cases where Liz
tat was paid on tho property not aubjoc! to
ta1ation.
The capital stock Of nil companies ercaisa
! under tlo lnws of this Stato is TO ba valued
as now, by tic stato Doard, except that Of
banks organized under tile 1nws of 14lino4
Corporations for purely manufacturing pur
poses, or for printing or publishing newsps.
porn, or for breeding stock, shall 10 assessed
by tho local Assessors in thu snnle nat,usr 4,
tho property of individuals. The law als'
providcA authority to institute suit for brck
taxos. and on recovery to sell the property
under execution, tho purchaser to acquire
titlo Of tho property. Tho law las always
boon deficient in proViding moans for tho
recovery Of back taxes.
Whila there wara many other parts Of tho
novenue INV which demanded serious amenl-
mont, but upon wliol, tic Legislature could
| not reach All agreclnont, tAeao amendments
will prove Of great ail to tho Stato In the
reduction Of tho cost OF nssoBsing and co''
lootiug tho revenuu, md in tho matter
Of enforcing the payment Of taxes
whom due. Hereafter tho tax on rea
property will bo delinquent, and Hla
bear intorest after tho 1st Of Alay at tho raid
Of per cont per month until tho day Of sa'e'
Aftor that dato tho tax will 10 subject 70
pona1ty of 25 per cent, Which penalty will b
c1tondod with tho next years tax, and 1s
interest md pena]ty will bear compounded
Intercst md ponalty until paid. It will bs
found cheaper hereafter to pay taxes On tea
ostate ns soon as they become payable tlaa
to let them run ut interest eyon TO Tho t'n'
Of salc. Tho payment Of ta1cs on rcal e.
into In January, Fobruary, MD March, III
asoad Of aa now in August and sepsenhs,,
will prove to bo great saving, and "''
probably become tho rulo inatand Of she e.
oeption. When proporty-holdora b'cou'
aware Of this important olango in tho 1a7,
1t L. probable Tint tho delfnquont~sa1 hS
will shrink to reasonable proportions u"
additional validity given to tax sa1es nnd III
deels will probably havo tho eaect Of indus
ing owners to DO moro careful Of thcir prop
arty. On tho whole, tho amendments TO sa'
Reyonuo Inv will provo Of groat sa'"c 70 wv
State, to tho Municipal Goyernmcnts, anu"
taxpayers. Tax-Aghting has been co., o.
quorod by ma1singpaying far moro proh'a@s'