The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1896-06-27
REAL AND Personal.
EXEMPT REALITY.


EXEMPT REALITY.
What real property is exempt from taxation?
Property of the United States in this state prop
erty of this State; property of any county in this
State property of any incorporated town or city in
this State; churches parsonages and grounds; grave
Yards and cemeteries which do not accumulate
profits for any purpose except for the maintenance
or Improvement of such cemeteries or graveyards
burying-grounds or church graveyards; hospitals
asylums charitable or benevolent institutions, and
adjacent grounds not exceeding 40 acres; incorpo-
rated educational or literary institutions, and ada
cent grounds not exceeding 40 acres, if such inst
tutions are not in an incorporated city or town
EXEMPT PERSONAL.
What personal property is exempt from taxation?
United States bonds stocks or evidences of in
debtedness and stocks, bonds or evidences of in
debtedness of the State of Maryland, furniture of
churches, furniture, equipment or libraries oil any
hospital asylum charitable or benevolent institu-
ton or incorporated educational or literary insti-
tuition; also crops or produce in the hands of the
producer or his agent provisions and fuel for use
and consumption; the working tools of mechanics
or artisans, moved or worked exclusively by hand;
the first $500 in value of the farming mpemt DTS of
any farmer fish while in the possession of fishermen
employed in catching, sailing or packing the same,
or while in the possession of their agents unsold;
wearing apparel; personal property of corpontions
whose shareholders are subject to taxation; shares
of stocks in railroads worked by steam and subject
to gross receipt tax and book accounts; bills re-
ceivable or evidences of debt given for such ac-
counts ofany persons engaged in commercial bnsi-
ness.
WEARING APPAREL.
What wearing apparel is exempt
Practically everything The law reads: Wear
.ts..... a as.hEo M
other costly jewelry not habitually worn on the
person." Thus if person has II number OF
diamonds which, though valuable, are habitually
worn on the person, exemption may be claimed for
them.
Is there any exemption of personal property other
than the cases cited above?
Yes; in an unrepealed section of the old law, ex-
emption is given to persons possessing personal
property not to exceed 500 unless they also own
real estate.
THE MUSIC TEACHERS PIANO.
Suppose a young lady owns piano and makes
her living as music teacher by means of that in
strument, is the piano exempt from taxation, as a
tool of artisan worked by hand?
It is not The judges of the Appeal Tax Court
have decided that 1t must be taxed
CORPORATIONS PERSONAL.
What is meant by the exemption of personal
property of corporation whose shareholders are
subject to taxation?
iHe'.9 c., lhaIi No, ho REQUIRED 10 nav
'"e ia"e "a '.'.s a,,ar,,. ., hong presumed
,,a1 stoo on which tsxes are Maid ac
cordinp 10 the valuation of the State Tax Commits
sioner, is invested in its personal property.
RAILROAD STOCK.
Why are the shares of stock of railroads worked
by steam and subject TO a gross receipt tax. ex-
=! 9.S''''''
r. ,ha saua reason II is presumed that the
1870 a. oss,,,lo hos hoor irnnosed when
must ' y 80 49, ~ o,,ar "a
80
10 .,.,, ,n,a,nr,,
s.,., ,,,a toIds ,,ror,or,, nrdar lease nc is
,s,I,. tna a,a,o,,i IN h,v;na, f,r,itnre and
-. ;,s,aI,r,on, and n is coyenantad
~. ri, o.,;olos 10 o,l laa cod
:" tne "a -,
u 'ie Ho'uei u'i''i ~ '-''i I, -
oH tie -. - No., 20
uone '.e 80 s a ortio, Of bis NO rsonaI
49, - -, a-sa~,,.o,,o
~, ,o,,,h. hafora tho oo,rts
ihis -ias AZ 10 80, ot shi,o, 20
10 ueciie' pu' ~ - = NJ
uiNauoh upon SUN ~
~ - = : -, ,.,.o,,.o
II loolsas If thew wonld escape taxation. The
dealer Is only required to nav taxes ON fair vaiu-
alton of his average stock For instance, if piaLo
dealer sells 100 pianos in the wear but only keeps
an of % nianos in stock at time he is only
rao,,rad to nav taxes on fair valuation of these 90
,,a,as
,ssrss,,rxr or ,,spcu AXIS
How, 70 tho stocIr Of a merchant 10 he assessed
The law provides that II sh all be assessed at fair
value of his stock in such business during
the wear preceding the assessment upon which the
,ax 10 layied
Does merchsnt have to pay taxes on his book ac'
counts, bills receivable or notes accepted in pay
meht of open accounts but which not due?
No; book accounts and bills receivable are especi-
ally exempt provided the merchant is taxed upon
fair average value of his stock of goods, wares
and merchandise.
What is an equitable interest in property.