The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1907-12-26
Per ceat of t,tal tax paid by per.

w. ~ hei anu tne following re
suits aprrar:
Per ceat of t'tal tax paid by per
sonal property:
Per Cent Per Gem
1852 1906
auhis ....... zS.S 20
Snow,, Brown ..'..1..'... 22.s 25.:
Guyahoga- ......... 3S 20.f
fronsiin troas ....''..... SS 2O.s
Lucas ............. 81 20.s
MONROE ............ 2l.3 441
montgomery u... 32.2 221
This demonstrates that the per cent
OF the total tax paid by personal prop
erty in counties containing large
cities, where the accumulation of per.
sonal property Is greatest, Is decided
ly less than 1t was In 1852, while In
counties containing no large cities Il
Is about the same or has Increased.
IL also demonstrates that farmers who
insist upon the enforcement Of the
law and the perpetuatiop of the uni.
form rule as IL stands In the constitu.
ton are thereby penaliZing them
selves. Their personal property is
largely tangible in form and about as
incapable OF eyading taxation as their
lands: An enormous amount Of the
personal properly owned In cities is
intangible In form and therefore cap.
able of evading taxation.
Repressive Effect OF the Tax Rate.
Under the uniform rule Of taxation.
In 1906 Holmes county had tie lowest
average tax rate of any county in the
state. II was 1.jS per cent Paulding
county had the highest average tax
rate IL was 3.99 per cent. Oregon
township. Lucas county. had the low.
est tax rate OF any taxing district.
II was 10 per cent Continental cor
poration, Putnam county. had the
highest tax rate OF any taxing district.
~ was 6;lS per cent. In the principal
cities Of the state the tax rate TOR
1906 averaged about per cent.
=, Argument is not required to show
that no person can afford to list
money. stocks, bonds or credits of any
KIN, kind and pay 3 per cent tax on their
Is listed at all. II must be listed al
fuli value. because its value is fixed
by mathematical calculation not NV
the exercise of judicial discretion
The administrators of the law. who
permit real estate to be valued al
from 36.7 to sos per cent of Its sell.
,ng vaIue. nave no choice, under the
uniform rule, but to value money. the
stocks and bonds of solvent corpora.
tons; the mortgages, notes and other
evidences OF Indebtedness OF solvent
debtors at full par value. Valuing
real estate at from 80 to so per cent
OF full value, and valuing Intangible
personal property at full value, and
assessing both at uniform rate On
such valuation compels evasion for
intangible personal property in every
possible way.
II II were made certain that
all the money on deposit ia Ohio
banks would be taxed 3 per cent ON
assessment day, the mad ATTEMPT 10
W. draw TINS money and put it where
every bank in the state. Il would
destroy all industrial and Commercial |
business In the state.
VIII any person say what business |
would be III. in every nrin.
,ipal city In the state. II was made |
certain that all money on deposit and |
n tne pockets of the people and every |
cent on it's full value as the constitn.
ion requires? Will anyone say what |
ate OF interest manufacturers mer.
'hants and builders would have 10 |
Iay on their loans under such condi- |
ions! HOW could business be done
inder such conditions In competition |
WIN conditions as they exist in other |
win anyone explain what interest
ate a farmer living In Paulding coun.
y VIII nave to pay when he wants
o borrow money if II Is made certain
t"t thc lender will have TO psy a tav
y 80 on tie full amount OF his loan? |
III any ore fix the rate OF interest
o. ethe small home owner In Cont.
i mel corporation, p tlam county
Wen IL is made certain that the
I, lcr must pay a tax of 6.lS Dtr cent
~ ne frll AMOUNT of hts loan?
Tho uncesvab'ation ~ real estate
e,-15 tie tex .l.e. TIE .icher tse
ak rate. the less Is the relative rev.
nue. from personal property. The re-
ult OF the policy OF undertaking real
state, and OF taxing personal prop
rty on full valuation 1t the same
ate as real estate, 10 to destroy the
evenue producing ability of the per
onal property tax. This IN demon
trated by the experience of every
0mmunity where Z change has been
nade from . high TO . low tax rate
personal property. Should this
tate exempt money ana all non-in.
PERSONAL DUnperty from
and tax all 0(kef personal
roperty at not moro than one.
uarter OF one per cent the rev.
nue. secured from the personal pr. =
rty tax would be Increased from 10
20 times This statement IL con.
rme1 BY the experience of the CITY
baltimore, the Btnte OF Connecticut
le state OF New York. and eyerv
lace In the civilized world where 4
hanRs hes been made from : high
Slew ~ rate on intangible prop
Every decrease m the tax rate or
nm tawafl6n ,pSlS tSr z - ts~,'s.'.. s