Custer County Republican. (Broken Bow, Neb.) 1882-1921, 1906-03-29
NEBR ASKA STATE NEWS
STATE ASSESSMENT BOARD
GIVES ASSESSORS DIRECTION

The State Board Of Assessment
adopted rules for the guidance Of
county assessors and incidentally in
structed them to assess the reserve
funds of fraternal companies. The
rules adopted by the board answer
the questions raised by the county as
SCISSORS at their recent meeting held
in Lincoln. Secretary Bennett was in
structed to send out to the county as
SCISSORS the following letter:
1t has been taken for granted by
some assessors that insurance com.
panies are to be assessed only upon
their gross premiums for Nebraska
business during the preceding year.
This is erroneous. The assessment OF
the gross premiums, Is an assessment,
not upon the valuation of the prop
erty of the insurance companies, but
upon their business. 1t is not In lieu
of the assessment of the property
which they own in the state and
county, but in addition thereto-State
against Fleming, 81 ~ w. Neb., 1908;
Achen and Munich Fire ms. Co.,
against the City of Omaha, 101 N w.
Neb, 3. The assessment on the bus
mess or gross premiums shall not be
made, however, against fraternal ben
eficiary associations and mutual in.
surance companies that operate on the
assessment plan, have no capital stock
and make no dividends, and whose
scheme of insurance does not contem.
plate the return of any earnings or
profits to the policy holders. The last
named class of companies and asso-
Citations shall be assessed only upon
the value of all their pl operty. Their
property may consist of Office furni-
ture and fixtures or any other personal
property, such as credits due or to be-
come due, notes, bonds, mortgages,
moneys, deposited in banks or else
where, whether held by such associa-
lions and companies as reserve funds,
contingent funds, emergency funds or
in any other manner Such property
is subject to assessment and taxation
against them and shall be listed and
assessed by the assessors.
1. Taxation being the general rule,
exemption the exception, where there
is any doubt in the mind of the as
SCISSOR as to certain classes of prop
erty being exempt from taxation under
section 10 of the revenue act, he shall
assess the same.
Saloon licenses should be listed as
a franchise or privilege. The valua-
ton placed thereon is purely matter
for the sound judgment and discre-
ton of the assessor, the same as that
exercised in fixing the value of other
Opinion by attorney gen
eral, June TO- 1905.
The actual value of notes, bonds or
representing moneys loaned
or invested shall not be reduced or
by substracting therefrom
the debts owing by the person as
sessed who owns such notes, bonds or
Credits evidenced by book
accounts and the like may be offset
by debts of like character only. Ian
caster county against Mcdonald, 103
N. W., 81.
Each deputy assessor shall upon
actual view, list, value, assess and re-
turn all property subject to taxation
In the townships, precincts, districts,
cities or wards and villages assigned
to him in the manner provided in this
act. Section "a, revenue law, 1908.
In listing live stock and other class
es of property covered by items 8, 6,
Z, 8, 8, 10, II, IL, 20, 81, %, %, "a
20, "a, 35, SO, 81. At, 4S, 40, 80, 81, So,
SO and 81 of the personal schedule
correct numbers must be given.
Under item No. 40 please list auto
mobiles separately, giving numbers
and value.