The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1892-04-16
eaaed noainst the two together.

lied ont, shall appear in the right hand
side OF the roll opposite 10 the des-
cripiion OF the land, so that any per
son whose land is assessed both for the
fee interest and the mortgage interest
mny ascertain by examination OF the
column at the right hand side OF the
roll, the whole amount that is assessed
against each description.
When the land is mortgaged and
occupied by the owner, there Is writ
ten in the first column the name OF the
MORTGAGE and the owner and occupant;
in the second column upon the proper
line is written the name MORTGAGE
and "owner and occupant" opposite
their respective names. A bracket is
used in the second column to indicate
that both names stand opposite the
description, and then, on the line oppo''
tic the name OF the MORTGAGE in the
proper column, is written the value of
the interest OF the MORTGAGE in the
land, and in the proper column oppo-
site the name OF the owner and occu-
pant is written the value OF the fee
less the value OF the mortgage.
The value of the fee less the value OF
the mortgage should be kept separate
and assessed separately oil the way
through the roll, and the value of the
interest Of tha mortgage should be
treated in the same way. OF course,
in the assessment and also in the equal
iZa.ion, both interests should be con-
sidered by the assessing officer and the
board. because the two interests COM
bined should equal the true cash value
of the land. Where either OF the
PARTIES has personal property the name
can be repeated.
1t will be observed that there is q
difference between the law OF 1889 and
1891 relative to the assessment Of real
estate in this: Under the law of 1889
real estate was assessed to the owner
or occupant, while under the tax law
OF 1891 the land must be assessed &c
the owner and occupant, hence when
the land is owned by one man and oc
cupied by arother, and is also mort
gagged, three names would have t.
appear upon the assessment roll oppo
! site the description of the land. In
interest of the mortgage would b.
carried out opposite his name, and tn
value of the interest of the fee, less th
value of the mortgage should be car
ried out opposite the names of TIL
owner and occupant, rs the take
should be collected out of the persona
property of either. A proper bracke
should be used to indicate that til
land is assessed to both owner ali,
occupant.
The directions above given relativ
to the assessment of mortgages woul
Apply to the assessment OF int crest
leld'in real estate represented by lam
contracts or other obligations, usin
proper words in column No. 2 to ind
cate the interest held.
! In answer to the question how t
find the owner of the mortgage,
refer to the following: Section /
provides, among other things, that u
shall be the duty OF the holder OF an
mortgage, deed of tiust, contract Q
other obligation, to file with tue supel
visor, or other ussessing officer OF til
township or assessing district, in wlnc
the land or real property affecte
thereby is situated, before the tent
day of April of each year, write
statement under oath Of all his estai
situated in such township or assassin
district, liable to assessment and ia:
alton under the provisions OF this &C
otherwise written statement OF IL
mortgages interest in any such rel
estate may be fil,d with the supe
visor by the mortgagor or owner OF II
Fee"
The blanks furnished by the auditc
generals off 70 for the purpose OF MAJ
ing statements of taxable propert.
under sections II and ID, properly fiji
ell out furnish ample data on which
base q proper assessment of the intero
of the holder of tho NOR
gage. These statements cannot col
troll the action of the assessor AZ to I'll
value of the property; they are only
be used as an assistance in arriving
the value. Section Is provides; Il
determining the property to he assasst
and in estimating such values, he I'll
assessing oilicer) shall not be bound
: follow tue statements OF any perso
, but shal exercise his best Judgment
When mortgage il a'sess'
, to the owner the state has
q right to collect the taxes o
4 of his personal property If he neglec
+ or refuses TO pay the tax. Hence, u
Q assessing officer should, IN every cas-
d assess the mortgage to the holder of Z
4. A.. so,