Heppner gazette. [volume] (Heppner, Morrow County, Or.) 1892-1912, 1906-12-06
Proposed Oregon Tax Law
not to be taxed.)

stock in any incorporated company
which is taxed on its capital stock shall
not be taxed as an individual for such
stock.
pledged personal property taxed to
possessor.)
Section II. When personal property
is mortgaged or pledged it shall, for
the purpose of taxation, be deemed the
property of the person who has the
possession.
(sections Is, l6 and II are respectively sec
tions 3O47 3055 and 1856, B. G. Comp, without
change.)
(Of the Duties of Asessors.)
assessments, How Madc).
Section 1S. That section 3057 of the
and annotated by Hon. Charles B. Bel
linger aid William w. Cotton, as the
same was reenacted by section / of ali
act approved December "a, 1908, and
found on page ct sequitur OF the Cen
eral Laws of Oregon, Special Session,
1903, be and the same hereby is amend
ed to read as follows:
The assessor after qualifying shall,
on the first Monday in March in each
year, procure from the county clerk a
blank assessment roll, and forthwith
proceed and assess all taxable property
within his county, except such as by
law is to be otherwise assessed, and
shall return to such county clerk, on or
before the first Monday in October next
following, such assessment roll with a
full and complete assessment of such
taxable property entered thereon, IN
Guiding full and precise description OF
the lands and lots owned by each person
therein named on March l OF said
year, at the hour OF ! o'clock a. m,
which description shall correspond with
the plan or plat Of any town laid out
or recorded; and said lands or town
lots shall be valued at their true cash
value, taking into consideration the i'm
provements on the land and in the sur
rounding country, the quality of the
SOIL its convenience to transportation
lines, public roads, and other local ad-
vantages of a similar or different kind.
True cash value of all property shall be
held and taken to mean the amount
such property would sell for at a volun-
tarv sale made in the ordinary course
of business, taking into consideration
its earning power. No deduction of in
debtedness from assessments or taxa
ton shall be allowed in any case. All
land shall be taxed in the county in
which the same shall lie; and, except
as otherwise provided by law, every
person shall be assessed in the county
where he resides at the hour of l
O'Clock a. m. on March of the year
when the assessment shall be made for
all real and personal property owned
by him within such county, but if the
owner of any land be unknown, such
land may be assessed to unknown
owner" or unknown owners" with
out inserting the name of any owner
but no assessment shall be invalidated
by a mistake in the name of the owner
OF the real property assessed, or by the
omission of the name of the owner, or
the entry of a name other than that OF
the true owner, if the property be cor
rectly described; and provided further,
that where the name of the true owner,
or the owner of record of any parcel OF
real property shall be given, such as
sessment shall not be held invalid on
account of any error or irregularity in
the description, provided such descrip-
tion would be sufficient in deed of
conveyance from the owner; or on ac-
count of any description upon which,
in a contract to convey, court OF
equity would decree conveyance to be
made.
(The amendment recommended makes it the
assessors duty to assess property for which
some other mode of assessment is not by law
provided; makes the limit OF the return OF the
assessment roll the first Monday in October in
stead OF the first Monday in September. The
old law provides for the giving of notice that
the board of equalization will meet the last
Monday in August There is no other provi-
sion for the time of the meeting of the boa I'd
tB. & G. Comp, section 1900, reenacted special
session 1903. Section 1857, above amended
permitted an extension OF time for filing the
roll If necessary until the first Monday in Octo-
ber. In practice the roll is seldom or never
ready for equalization by the first Monday in
September, and lhe time Is usually extended,
and the board meets when the roll is filed But
the old law provided for the boa rd meeting be
fore the assessor was required to file the roll,
and AT no other time. The jurisdiction OF the
board is thus thrown into question
The provision for giving notice OF the meet
ing the last Monday in August is relic of the
first code in this state, and was originally in
tended to provide that the assessor and auditor
should meet At the courthouse to correct pure
ly clerical errors, etc, one week before the
county court equslized the roll, the board of
equalization not then being known Since
then the scheme has boen com plslely changed
and the provisions are now, owing to coreleSs
editing in amendments, contradictory and i'm
possible.
The amendment recommended omits the pro-
vision for the extension OF the time of filing the
assessment roll. but gives the assessor the same
limit as under the present law he could be Civ
en- by the county court. Onits definitions OF
real property and land, which have been de
fined in section of this act: omits provision
assessed from taxed see section II of this actl
in the county where located omits provisions
as To assessment of unoccupied land as such,
permitting the assessment of land to un-
known owner. when the owner is unknown, re-
gardless Of occupancy Provides for consider
alton of earning power in determining value }
personal property-llow valued.)
Section 10. That section 3O5S of the
Codes and Statutes OF Oregon, compiled
and annotated hv Hon Charles Is. Bel
linger and William W. Cotton, be and
the same hereby is amended to read as
follows:
All personal property not exempt
from taxation shall be valued at its
true value in cash, as defined in section
Too FinicaI.