The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-01-03
AUDITORS REPORT
For Fiscal Year Euding NO
vember 80, 1896
DECREASE OF PROPERTY
Assessment Was $2,127,122
Less Than Preceding Year.
SCHOOL TAXES SHOW INCREASE

SSZ,UOO more man 1O' ViSFSNS O"'
.-More Attention Should Be Given
TO Schedules "B" and "C"--
White CoIore3 Tax Payers.
State Auditor Furman has completed
and sent in his report to the Governor for
the fiscal year ending November 30 1896.
1t is an able and complete statement OF
the financial condition of the State and
should not only be carefully read, but
preserved for future reference MIR.
Furman's letter accompanying his report
is given below in full:
ASSESSMENT AND TAXATION.
According to returns made to this De
partment by the Assessors for 1894, the
aggregate value of real and personal
property. including railroads, steamboats,
and telegraph, was 1888, 564, 449.99. The
assessment for 1895, the year covered by
this report. was $257, 437. 227.99, a de-
crease of So, ~. ODD. There was q de
crease on properties other than railroads,
steamboat and telegraph of $685. 1000,
but an increase ON the latter properties
oe 81 ,491, 54S, leaving the decrease as
above stated. The statements elsewhere
given win show more specifically are
gains and losses of the respective sub
jects.
The rate of taxation on each 500 Of
value was as follows:
For general State purposes 81 % cents
For Public schools Is cents
For pensions .......-..... 3 1-3 cents
Total levy by the State .43 cents
ION the present valuation one cent OF
tax on the 500 of value raises about
SIS, 900 OF reyenue.)
Teh gross amount Of revenue derived
by the above levy, for State purposes
public schools and pensions, was $1,414,-
Pitt. There was also derived, under
schedules "B' and &C. known as priyi-
lege taxes, $S9, 1861 making the total
from all sources 81 sos, 403.9S.
There was a decrease in the revenues
for general State purposes, compared
with the fiscal year 1894, OF SIS, 656.6S
This is attributable to the decrease in
taxable values, above related, and a re-
duction in the levy made by the Legisla-
ture Of 1895 Of one-third of cent. on
the 500 OF value. There was an in
crease in the levy from 16 cents to IS
cents for the public schools which, not
withstanding the decrease in taxable
values, resulted in an increase of the
school fund $4S,947 90. There was also
an increase in the revenues from the
poll tax for school purposes of $50, 12o.3S,
making the total increase for public
schools $S2,06830, and the whole reye-
nue. for school purposes $S47, 1851.
Statement &c" (page 1881 shows the
total receipts OF the public fund, payable
into the public treasury. to have been
81 259, 45S.40. Statement HI shows
the total disbursements from said fund
to have been 81, PA ,917.57, an excess of
receipts over disbursements for the year
OF $14, 540.S3. / refer specially to these
two statements for details of receipts and
disbursements.
The counties, almost without excep-
ton, levy up to the constitutional limit,
and, besides, levy taxes for special coun-
t. purposes. AS county expenses in
crease the limitation fixed by the Censti-
tuition for general State and county
purposes must be supplement
ed by special levy. The
limitation for general purposes being
66 2-3 cents on each $4,000 Of value,
and the levy made by the State for State,
schools and pensions being 43 cents,
leaves only % % cents for the counties
for genral county purposes. There has
been a decrease in the total leyies for
general county purposes, compared with
1894, OF $50, 340.70; but there has been
an increase in the county special leyies
Of S63, S99S9.
The following shows the apraisement
for taxation Of all properties for the
years 1891 to 1895, inclusive, classified:
ON LANDS.
June, 1891. -. -. 80. Sic, $50, 1900
900