The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-28
TAXABLE PROPERTY.

terday. Eight hundred copies were or
dered printed:
TAXABLE PROPERTY
All property in the state, not ex-
empt under the United States laws,
the constitution of Utah and this act
shall be taxed in proportion to its
value.
PROPERTY EXEMPT.
The property of the United States,
of the state, of a county, city, town,
school district, public library, lots with
! buildings thereon, used exclusively for
religious or charitable purposes, places
of burial not held or used for private
or corporate benefits are exempt from
taxation. bitches, canals, fumes, etc,
for irrigation of lands owned by per
sons or corporations or the individual
members thereof shall not be Separ
ately taxed so long as they shall be
owned and USED exclusively for such
purposes.
MINES AND CLAIMS.
All mines and mining claims,
whether placer or rock in place, con-
tanning gold, silver. coal or other
metals, after purchase from the United
States shall be taxed at the price paid
surface ground or some part thereof
is used for a separate purpose and
has distinct value. All machinery
used in mining and all property and
surface improvements which have
value separate and apart from said
mines are taxable, together with the
net annual proceeds of all mines.
DEFINITIONS
property means money, credits,
bonds, stocks, franchises and all other
matters and things real. personal and
mixed capable of private ownership,
but this does not mean that stocks of
a corporation may be taxed, when the
property representing such stock has
been taxed.
Real Estate means possession OF,
claim to, ownership of or right to the
possession of land, mines, minerals.
Quarries, all timber growing on United
States lands and owned by persons or
corporations, all buildings, fences, fix
lures and improvements upon land
whether title has been acquired to the
land or not.
Personal property" includes every
thing which is not mentioned in the
terms real estate and Improvements.
Value" and full cash value" means
the amount which the property would
be taken at in payment of debt from
a solvent debtor
Credits" means all debts of a SOL
vent nature due a person, whether the
same be secured or unsecured.
In making a statement Of credits
which a person is bound to list he may
deduct the gross amount of all the
debts owing by him, but this shall
not include money owed for life in
surance premiums, or on stocks, or on
any bond or undertaking.
ASSESSMENT OF PROPERTY.
All taxable property must be assessed
at its full cash value and land and
improvements must be separately as
sessed.
Bank stockholders will be taxed on
the value Of their shares of stock, in
the county where such bank is located,
whether they live there or not. The
cashier must furnish the assessor a
verified list of the capital stock and
owners of the same, the amount of the
capital and surplus and the invest
ments in real estate, which shall be
assessed and taxed with other real
estate.
Stockholders will be allowed deduc-
tons as in case of other personal pro-
perty and the assessment shall not be
greater than upon any other monied
capital in the state. Such sum as is
in the same proportion to the value of
the assessed value of the real estate
Of the bank shall also be deducted.
Shares in banks organized under the
law, but not located in this state, al
though held by residents of Utah are
not taxable
Private bankers and brokers must
make statements to the assessor show
ing; money on hand or in transit,
funds with other bankers or brokers,
checks and cash items not included in
the foregoing, bills receivable, dis
counted or purchased, bonds and
stocks, except United States bonds. all
other property, amount of all deposits
in custody, and all accounts payable.
FRANCHISES, ETC.
The franchise, roadway, rails and
rolling stock of all railroads in the
state shall be assessed by the state
board of equalization. Other fran
chises must be assessed by the county
or city where they were granted; if
granted by other authority in the city
and county where the corporation or
firm has place of business.
Land must be assessed in parcels or
subdivisions containing not more than
$40 acres each.
Assessments must be made between
the first Monday in January and the
second Monday in July. The property
shall be assessed as belonging on the
first Monday in March, but a mistake in
the name of owner shall not invalidate
the tax Each person shall make a state
ment under oath on or before that
day showing separately all property
belonging to- claimed by, or in the
possession of, or under control of such
person, or of any firm of which he is
a member, or of any corporation of
which he is president, secretary, man.
aging agent or cashier. He must state
where said property is situate, in what
city, town, county. school district or
revenue district. This description shall
include lands and personal property
of all kinds, taxable bonds, gold dust,
deposits, mortgages, trusts, contracts
and obligations by which a debt is Sc
cured.
POWERS OF ASSESSORS.
An assessor has power to compel
any person found in his county to make
an affidavit giving his name, residence
and postoff1ce address. He may sub
poena and examine any person in ne
lation to any statement made by the
person as relates to property. but can
not compel person a resident of an
other county to appear before him
Every person refusing to appear and
testify shall forfeit the sum ofs 500 for
each an every offense. Any person
who refuses to give the value Of his
property to the assessor does so with
the knowledge that the assessor can
fix value on the same and the board