The Leon reporter. (Leon, Iowa) 1887-1930, 1903-08-06
RAILROAD ASSESSMENT
State Executive Council Raise the
Railroad Assessment Over Five
MilliOns-TOtdl Property In
crease Sixty Five Millions.


MilliOns-T0tdl Property In
crease Sixty Five Millions.
State levy 1902, 35 Mills. 1903, Mills
Railway assessment .... S5l,3o7,s5O $56537,2 ,29
Total taxable value of
all property ....... 572,s4o3sl 637 $685., 1863
increase in railroad
assessment -. -. 5,229,a47
Increase In taxable
value all property. 65144s78
With an increase of over $4,000, 900 in
the railway assessment and an increase
in the taxable value of all property in
state of more than $G5,000,000, the ex-
ecutive council has completed it's work
on assessments. The state levy was fixed
at miles orr mill less than it was made
a year ago. The council equalized the
values on farm lands as returned by the
counties, raising some of the counties
and lowering others, and placing the ad-
justed actual value of all farm lands in
Iowa at S1,457, 7,54s,7 ,73O, or but s2,O24,7 ,703
higher than the actual value of the same
property as reported by the auditors.
The following summary of the assess
ment result was given out by Governor
Cummins at the desire of the executive
council:
The aggregate actual value of all the
real property of all the state as report
ed by the assessors, less exemptions, is
s1,sG4, 1864, ,561.
The council made no attempt to equal
ize or change the reported value of
town lots, but did equalize, as between
counties, farm lands.
1t accepted substantially the report
OF the assessors as being the best evil
dence of the actual value of the real
property in the state.
The equalized value is fixed by the
council at 81 ,S6G, 1899. .2G4.
The actual value of the personal prop
crty OF the state, as reported by the as
SCISSORS, is S44S,S65,G74. This amount wa
not changed.
| After all reductions arc made by way
of exemptions, the assessed value of both
real and personal property, not assessed
by the executive council is S57S,641 ,G24
| The actual value of the railway prop.
erty of the state as fixed by the council
is $226,1491S9.
The assessed value, as fixed by the
council, is $685., ,297.
| The aggregate actual value of the tel
egraph, telephone, express, sleeping cal
equipment, and internrban railway
property, as fixed by the council, is sl1,
226,122 The assessed value, S2,SO6,5
The total assessed value Of the taxa
bic property in the state is $637, ,9S5, 1863
AS compared with last year, the actua
value of the railroad property is increas
ed S2O,917,3SS. The assessed value i.
increased $5,229.347. This includes tht
increased mileage.
The present assessment of farm lands
and town lots is Is per cent above the
assessment of 1901.
The present assessment of farm land.
alone is 17.2 per cent above the assess
ment of 1901.
The present assessment of railroad
property is 20 per cent above the assess
ment OF 1901, and 1O1 per cent above tho
assessment of 1902.
In making the above comparisons the
improvements added to real property
and the extensions of railroads are in
cluded.
No comparison between the assess
ment OF real property in 1902 and 1908 i.
made, because real property was mo-
assessed in 1902, except to add new
buildings.
The principal increases in the rail
road assessment fell on the milwaukee,
and Northwestern systems. Together
these systems will have to bear nearly
half of the increase. The increase on
the Milwaukee was $1,2S3,SG4. That OF
the Northwestern was $1,1006O2.
The following table shows the assess
ments by systems this yea- and also the
assessments for 1902:
| aggre- aggre-
Name or road gate nata
assess assess
ment nent
in Ia. in Ia
Abba & -Centervile Ry.$ 1890 s q, 10
Alnes & College Ry a q7o on