The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1905-02-28
CASKILL & CASKlLL
Counsellors at Law
SECURITY TRUST BUILDING
(Third and Market Streets
CAMDEN, N. J.
JOSEPH n. CAsKILL
THOMAS L. CASKILL
NELSON 3. cAsKI L
The Matter of Taxes.


The Assessors throughout the Stat
have received the 18th annual report 0
the State Board of Taxation for the yea
ending October 81 In the work are SOM
hints to Assessors, few of which will b,
beneficial to the general public.
| Attention is called to section of thu
tax act which provides that all property
shall be assessed to the owners Thereof
with reference to the amount owned OF
the twentieth day of May in each year.
The report says it is important anG
necessary to keep constantly in mind the
rule above given, that the assessment Of
property must be made as of the twentieth
day of May, that is, according to the con
ditions existing on that day and not al
any subsequent time. Many questions
which arise can be settled by this rule.
For instance, an automobile owned by
A on May 20 is afterwards but before
being listed by the Assessor, sold to B.
To whom shall it be assessed Plainly,
under the rule stated to A. Suppose that
A has taken horse and carriage in ex
change for such automobile. The horse
and carriage are not to be assessed to A,
but to B, the person who owned them on
the twentieth day of May.
Again, the quantity and value of goods
owned by merchant on May 20 must be
the basis for determining what he should
| I. Co. IL A.
quantity and value of the goods he may
have when the assessor arrives to make
the assessment.
The executor of will or the admins
traitor of an estate has personal property
in his possession on May 20, belonging to
the estate. Afterwards, but before being
listed by the assessor, it is distributed
among the persons entitled thereto under
the will or otherwise. The rule stated
would require it to be assessed to the exc
cutor, and not to the persons among whom
it had been distributed.
With reference to taxing each inhabitant
in the taxing district where he resides the
report says taxing district" means the
place in which the person mentioned has
his legal residence, as distinguished from
that which is merely his abode for the
time being. 1t means the legal domicile
of such person. Every person is deemed
in law to have legal residence or domi
cile at some place. He cannot have more
than one at the same time. A domicile
once acquired, is deemed to continue unit
a new one is acquired. To acquire sucf
new domicile there must be an actual re
moval to and residence in the new place
without intention to return to the ole
place to reside, and with intention to
make the new place his home until some
further change is actually accomplished
A mere removal from the old domicile, {
sojourning temporarily here and there
although without intention to return, will
not accomplish change in the legal resi-
dence.
This last clause of the report will make
some difference to Northampton township
There are few residents here who claim
Seaside Park as their legal residence, vot
ing and holding Office there. Under tn,
decision of the State Board they cannot
claim residence elsewhere than Noun
Holly Another point that has frequent
ly been in dispute is that with referenc
to taxing stock after it has been transfer
red The above readings show conclu
sively that bank stock, which has been
great bone of contention, must be assesse,
to the person who owns it on the Goth da
of May. regardless of how many transfer
may occur by the time the assessor reache
the party in whose possession it is found