The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1908-05-21

is in the state property assessed valuation
OF $l25OOOoo00 To raise s2.50O,O0O year. or $25.
100000 in ten years, would require two mill tax up
on this property so two-mill tax applied to all the
property of the of Illinois at the present assessed
valuatontand not taking into account the possible in
crease In value thereby would produce the sum re-
CURED
The records show that the taxing value of an
average 100 acre farm in the belt of Illinois is
little less than $4,000 the actual value being approx
mately $4,000. twomil state tax on this farm as
sessed on the value of $2.0e0 would be exactly "a
year and no more, and in ten years the state tax
would be $4O which would be farms PROMOTION of
the $250O0,000 total Where this farm wou,d nav $40
one single corporation in the city of Chicago woud
nave to pay $4,000, another $4,000 and the rail.
ways or the state two millions of dollars Tins uo
see oy state levy of two mills for years. one.half
OF the s5ooooooo provided The other half must
DC raised by local taxation or by bond issue
Let us assume that the township in which tho forr
IN question is located votes bonds the full constn
uona limit that is. into debt Just as far nc :,
can go ana pays the highest interest that the law ner
as ~ 70 pay. me limit of the bond issue is Ave per
cent OF the assessed valuation amount of bonds
resting upon the farm would Ave per cent NJ 60 600
or exactly sioo payable onetenth each year with in
efest at five per cent. The total interest on ms -,
issue, SO iar as this farm is concerned for ths 20,
years would be s2750 ~ 's ten
interest on bonds. ........... OF IN
ana the state tax Of. .............. 40 oo
we nave total tax on the farm Of . s1e7 5o
when Is eAaeuy the amount of the tax that wonld h
'~''O" anu eohSSteu upon this farm for
ana 10 pay on the road bonds and interest This a.
u ABOUT los cents per acre per year and the tor,
enarse against the farm for the whole ten wears NJ.
oe sLoe per acre This amount of money maid hy ,ha
,arm under the state aid plan would enable tho 60.
10 eApend ssooooOoo upon its highways and tha ~
penu''ure OF that sum would add to the value ~ E.
property at least five and probably ten times a. -
as the respective farms would be taxed in order >,
the bill " 'ue' 70 pay
In Illinois less than one-third of tho proo. :.
the state Is represented by farms Under the nres,
pan twothrds of the property of the state ascs
taxation Tor road purposes. The state Aid r,a =,
equitable successful and has proven ponuar ~ 50
state where II has been tried, and the farmers uh a.
opose are soon Its strongest advocates and car he
louha upon the firing line every year asking fo- =,
eEeassa appropriations TO build the roads
ne residents Of the towns and cities mus, IT,
apn tue Iarm products; as the roads are uss1 Co. a.
e',hk the same and their necessities ara snch ,h.
c uehfefF oil these products should be reguarI, 90
t'uui'N msce-and good roads are necessary - -.
CoHpiiSh this-it seems only fair that the rnsi5t =.
Nne towns and cities should contribute m hn,ls, ~
''"s. ana they In TACT seldom object IN aotns a. ~
Tue aeove example of the Illinois far, "a -. a.
"'e oe Anected by taxation under state ala ,vo,,s
lNS eehe'anS 10 every state in the Nississpni x.u
!" Uie poorer parts of the country whe-a ar -,
- tefule' the state tax would he corra.n -, -
eSs. Ia taet In the southern part OF Illinois tb a.,
IVVa'Fe iaIm. instead OF being four dollars = -
= ss eases would not exceed a dollar IN a soII.-
,an, 90 'ne burden is measured by the ability ., ar
'~' ~ SSesrsAt tss BY P.rsr,sa