Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1905-08-03
Both Rate and Values
Raised Materially
Over LAST Year
Hearings to Be Held
for resentatIon
Of Objections
Madison, July 81.

An increase of nearly $11,000,000 in
the assessed valuation of the railroad
property in the state of Wisconsin is
shown by the annual preliminary as
sessment announced yesterday by tle
state tax commission, acting as board
of assessment for railroad property,
under the ad valorem railroad taxation
law of 1908. The rate this year, de-
teImined by the average rate paid by
the general property of the state, Is
higher than last year and therefore
the taxes to be levied upon the prop
erty of the railroad companies will be
a substantial increase over that of
1904.
Comparisons between the taxes of
railroads in 1904 with 1905 are shown
by the following figures:
Rate in 1904 ................ .O744O3
Rate for 1905...,.. .......lI 1867
Railroad valuation. 1904. $2lS,4 800
r. r. Val, 1905, prelimin-..
airy .... ............ $229, $3.50, 900
The rate is arrived at by taking the
total amount of taxes raised in the
state in 1904 in relation to the aggre-
gate assessment of the general prop
erty. Poll taxes are omitted from
these computations. In 1904 the total
of state. county and local taxes levied
upon the general property of the state
was $21,3l4,752SS. The amount OF
poll taxes, which are omitted from the
process of arriving at the average rate,
was $126,632,S0. Dividing the total OF
general taxes by the aggregate assess
ment on the general property gives
the average rate paid by the general
property of the state, 1862, or $1l.53
and a fraction for each $1,000 of as
sessed valuation. According to the
ad valorem railroad taxation law this
average rate is applied to the assess
ment of the property of the railroads
to determine the tax.
The tax commissioners are sending
out to all the railroads their announce
ment of the assessment of the proper
ties of the several companies, accom-
panied by a circular of explanation OF
the process by which the rate was ar.
rived at, and announcing that the
board will be in session at the capitol
August 16 for the purpose of hearing
any repres entations the companies af-
fected may have to offer with respect
either to the rate of the assessment of
the railroad property or the general
property of the state. he present
figures are announced to be only pre-.
liminary and they are subject to one
review. after the announced nearing.
These hearings will he held from day
to day at the convenience of the par
ties desiring to be heard and they will
come to a close not later than Septem.
Der 16, after which the final determine
ton Of the board will be made ana
the assessment be entered according
to law.
Preliminary Assessment.
The following is the preliminary val
uation of the property of railway com,
panies in tne state made by the state
board of assessment and entered upon
the assessment roll pursuant to chap
ter 3l5. laws of 1908. as amended by
chapter PIG, laws of 1905, and as con-
shutting the assessment for the year
1905, subject to review and correction
after nearing in the manner provided
by law.
Name company Assessment
c. & n. w. ..............$ 74,500,000
Z. b. IL q. -. .......... 9,4UV,UUV
Winona bridge ......... 10000
C. NJ. e. st. Paul -. -. 100000
c. St. p. NJ. & 0. ....... 24,500, 900