Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-03-13
THE NEW REV NUE. LAW.
TcoxrIxuED PROM FIRST PAGE. ]

OF May of each year, sand Board shall transmit to
the County Assessor OF each county through which
any railway operated in more than one county, may
run, a statement showing the length OF the main
track of such railway within the county, and the
sessed value per mile of the fixed by pro
rata distribution per mile of the assessed value of
the whole property named in this section. Said
statement shall be entered on the assessment roll Of
the county. At the first meeting of the Board o.
Supervisors after such statement is received by the
County Assessor, they shall make and caused to be
entered in the proper record book order stating
and declaring the length of the main track and the
assessed value of such railway lying in each city,
town. township, school district or lesser taxing dis
triet in their county, through which such railway
runs, as fixed BY the State Board of Equiliz ton,
which shall constitute the taxable value OF said
property for taxable purposes in such city, town,
township, school, road or other district, and the
Clerk of the Board OF Supervisors shall transmit .
copy of each order equalization to the City Coan-
ell or Trustees OF incorporated cities or towns the
Trustees OF each school district AID the authorized
authorities OF other taxing districts through which
such railway runs. Tie taxes on said property, for
State and county PURPOSES after collection by the
County Collector shall be paid over to the County
Treasurer as other taxes. An such railway property
shall be taxable upon said assessment at the same
rates, by the same officers, and for the same pur-
poses, as the property Of individuals within such
counties, cities, towns townships, school districts
and lesser taxing districts.
BASIS or TAXATION FOR COUNTIES. CITIES
AND TOWNS.
Section 10. There shall be a new section Of said
Code to be known as Section 1865, to read as fol-
lows: 1865. The assessment made by the County
Assessor shall be the only basis d taxation for the
county, or any subdlyi-ion thereof Except neor-
porated cities and towns, and may also be taken as
such basis il Incorporated cities and towns when the
proper authorities SO elect) Al, taxes upon town.
ships, road school or other local districts shall be
collee ed in the same manner as county taxes.
ADJUSTING ASSESSMENTS.
Section 16 Section 1878 OF said Code is hereby
amended so as to read as follows: 3G73. The Board
has power after giving notice in such manner as It
may by rule prescribe, to increase or lower the en-
tire assessment roll, or any assessment contained
therein, so as to equalize- the assessment of the
property contained in said roll and make the assess
meut conform to the true value of such property in
money.
MORTGAGES, ETC.
Section II. Section 1878 of said Code is hereby
amended so as to read as follows 367S To
assist the Assessor in the performance OF his duties
the Recorder must annually transmit to the Assessor
or before the first Monday in April, complete
abstract of all mortgages deeds of trust contracts
and other obligations by which any debt is secured,
remaining unsatisied on the records OF his office,
not barred by the statute of limitation, at
u O'Clock NJ. on the first Monday in March
of said year. Such abstract shall be written
under appropriate headings, to embrace all
information requisite for the Assessor in book or
books to be furnished by the Board of supervisors
upon the requisition OF the Assessor Should any
such list be found to contain any instrument relat-
ing to lands situated in more than one county, it
shall be the duty of the Assessor to transmit the
State Board OF Equalization all information ating
thereto, and it shall be the duty Of the said Board
to attach an apo tonment of valuation of such in
strument to be assessed in each county, and the
Board shall transmit to the Assessor of each county
mentioned, effected in said instrument, state
ment of valuation of assessment to be levied against
said instrument in each county. The valuation so
set by said Board shall be final. and the Assessor
shall accept said valuation and charge said assess
ment upon said instrument accordingly.
Should the said list contain any instru-
ment mortgaging or pledging two or
more subdivisions of land or land assessed
in two or more subdivisions, in the same county,
township, district city, the Assessor shall appor-
ton the amount of assessment to be deducted from
each subdivision on account of assessment against
said instrument. ANY assessment on a mortgage
or deed of trust, which has been enormously taxed
to the mortgage or party loaning the money, when
the same has been paid satisfied prior to the first
Monday in March, shall be valid only as against the
real estate from the assessment on which deduc-
ton had been previously made. Where partial pay
ments have been made a debt secured By uort-
gage deed of trust, the owner is authorized to
make the proper deduction, listing only the balance
due on the first Monday in March. When necessary,
the Board of Supervisors of each county must pr
vide for the payment of such additional clerical
forca as may be required to enable the County Re.
corder to comply with this section.
Section IS. Section 1879 of said Code is hereby
amended SO as to read as follows: 3679 The
Board must the abstract and all other informa-
ton it may gain from the records of the County Re-
corder elsewhere in equalizing the assessment of
the property of the county, and may require the
Assessor to enter upon the assessment book any
property which has not been assessed; and any as
sessment made prescribed in this section has the
same force and effect if made by the Assessor be-
fore the delivery OF the assessment book to the Clerk
of the Board.
FIXING THE RATE OF COUNTY TAXATION.
Section 10. Section 3714 is hereby amended so as
to read as follows 3714. The Board OF Supervisors
Of each county must the first Monday of Oc-
tober, fix the rate of county taxes, designating the
number of cents each 500 of property levied for
each fund.- and must levy the State and county taxes
upon the taxable property of the county; provided
that it shall not be lawful for any Board of Super
visors of county in the State to levy, nor shall
any tax greater than so cents each 500 Of prop
erty be levied or collected in any one year. to pay
the bonded Indebtedness or judgment arising there
from, OF this State of any county or municipal
ity in this State.
LIENS.
Section 20. Section 3717 is hereby amended so az
to read as follows: 3717. Every tax due upon per
sonal property is a lien upon the real property of
the owner thereof from and after IL o'clock H. of
the first Monday in March in each year.
Section 81. Section $3.50 of said Code is he eby
amended so to read follows 1880. As soon
as the Auditor receives from the State Board of
Equalization a statement Of the changes made by
the Board in the assessment roll of the county, or
in the assessment contained therein, he must make
she corresponding changes in the assessment roll,
by entering the same in column provided with
proper heading in the assessment book, counting
my fractional sum, when more than 50 cents as 81
md emitting it when less than so cents SO that the
Falue of any separate assessment shall contain no
traction of dollar but he SHALL in all cases, dis
-egard any action of the Board of Supervisors which
$ prohibited by Section 1858 of this Code
TAXES OF ESTATES.
Section %. Section 1852 of said C de is hereby |
.mended so as to read as follows: 1852 The Su. |
,erior Court must require every administrator or |
Executor to pay out of the funds of the estate all