Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1901-09-30
TOTAL IS ST., 4a6, 2s4. oot
Consequent Upon Operation of Full!
Value Provision of New Law, the
Estimate of Real and Personal
Property Is Increased Two and
One-Third Times.

All ..... $66 003, IT'S $27 500, sos
Personal 12,024, S81 q, 800, 827
Real estate So, 97S, 897 $685., IT'S
The new state assessment for 1901,
which was completed yesterday morn
ing and filed with the secretary of
state by the state board of assessment
fixes the value of all property in the
state at 81, 436, 284, 900, as against $62~
100000 last year, thus making an il
crease of $500, 284,000 The value of all
real estate in the state is fixed at ST.
1S6,349,1 39, as against $503,69076S in
1900, while the value of personal prop
erty is placed at $249, 934,861, as
against $126, 309 ,232 last year. The as
sessment is made upon full valuation
of property throughout the state. and
is about two and one-third times larger
than last year
This assessment is used as the basis
for apportioning the state tax among
the various counties, just as the as.
sessment Of county board is used as
a basis for apportioning or equalizing
the taxes between the towns Of the
county. 1t in no way has anything tt
do with the amount of taxes to bt
raised for general purposes that beinf
determined entirely by the legislature
The assessment is made at full value
in order that the equalization may be
more justly and easily made between
the different assessment districts This
tax commission in it's report to the leg
islature last winter pointed out Tho
fact that much of the inequality in tax
alton was the result of the practice EN-
ployed in every district of underva1
uing property and that no definite frac
ton or percentage of full value is Ia
ken as basis of assessment, and wheR
taken there is no uniformity between
different assessment districts an6
counties. For this reason the state
board of assessment has given all prop
erty at it's full value as the first step IN
securing equalization. Getting at the
actual value of the different classessc
property has consumed great deal OF
time and has required great deal Of
ing this computation the board made
use of the reports of sales Of real es-
tate and assessments of the same filed
each year by the register of deeds Of
the various counties with the secretary
of state, and also referred to the GER
titled abstracts of assessments filed
with the secretary of state by the coun-
ty clerk Of each county.
While this full value assessment will
in no way affect the amount of taxes j
to be raised for general purposes, it
will, however, greatly increase the
amount raised under the one mill
school tax. BY this assessment the
amount which will be raised for school
will be $1,436,284, as against
$500 900 last year. This amount is
nearly twice as much as will be need
ed according to the estimates of the SUI
contingency was not unforeseen, and
the tax commission drafted two bills
last winter and had one introduced il
the assembly and one in the senate
which limited the amount that Nigh
be raised under the one mill tax t,
$650,000. The bills were amended By
the committees on assessment and col
lection of taxes so that the limit was
placed at $850000, but the senate kille5
the bill and also the amendment, APP
parently not realizing what the result
would be.
The money raised by the one mill
tax is apportioned back to the local
communities on the basis of their
school population. But before any of
ii becomes available the district must
raise under local tax an amount equal
to that apportioned to it by the state.
The ultimate result of the increase in
the school tax will be that next year the
school districts will not have TO raise
SO large a tax locally.