The Julesburg grit-advocate., 1909-10-22
EQUALIZATION 0OkR0 AcNTgS
WON TENTATIVE PLAN
o. ACTION
USUAL F0UR-MIu LEVY
A0oeY NEW STANDARD TO Oe
USED ~ ALL COUNTY
ASSESSORS

t0e assessors OF Weld, BOULDER. L2rt-
mer. Morgan and Logan counties ap-
peared before the state board Of
equalization Monday and took part In
. lengthy discussion rs to best meth
Cd Of assessing the beet sugar factor
les under their jurisdiction. The mat
ter was settled temporarily by an
agreement that each sugar mill should
be assessed AT $4,000 on each 100
tons OF its capacity; $4,000 addition
al where the equipment includes what
is known as the Steffens process:
and a fair one-third valuation Of all
personal property in addition to the
plant proper. A letter asking for an
agreement to this basis of assess
ment was drawn up and will be
mailed to the assessors of the coun-
ties containing beet sugar factories
who were not represented at the con-
ference
This method of assessing other cor
porations does not suit the railroads.
and W. R Freeman, tax agent of the
Santa Fe railroad. James Corey. tax
agent of the Denver 4 Rio Graude,
and R. D. Pollard. tax agent of the
Burlington. were all present watching
the proceedings. 1t is the claim of
the railroads that the board of equal.
ization and the county assessors are
using different methods in making
their assessments. Acting under Sec
tions 60 and 81 Of the revenue act of
1902. the board assessed the railroads
on both their tangible and their in
tangible value. but the county assess
ors. 1t is asserted BY the railroad tax
agents, disregard the intangible value
OF the other corporations entirely.
They assert that this is not fair to
the railroads.
In arriving at a valuation of the
railroads the board Of equalization
took the value Of their stocks and
bonds, the capitalization Of their net
earnings. and the physical value Of
their property. added them together
and divided by three. On this one
third valuation the assessments were
made. The tax agents of the rail-
roads claim that II the roads are to
be taxed on their intangible value Is
we'll as their tangible value. the same
method should be employed in taxing
other corporations in the state.
The assessors present at the meet
ing were: A. r. Fischer. Weld coun-
ty; ]. A. Decker. Boulder; Stewart c.
Case. Larimer county; E. T. Vannoy.
Morgan county, and B. J. Ragatz. Lo-
gan county. Their several assess
ments ON beet sugar factories showed
marked variation, but after a pro-
loused discussion they finally agreed
upon the basis suggested by Governor
John F. Shafroth, on condition that
the assessors Of other counties con-
tanning beet sugar factories would
agree to 1t also. c. w. Waterman.
attorney for the Great Western Sugar
company, appeared before the board
at its afternoon session and showed
reasons why the company thinks its
assessment is high enough at present
and should not be raised.
At its morning session the board Of
equalization passed the usual tax levy
Of 4 mills on the total value Of all
property in the state and then passed
a special levy Of LIS mill AZ author
lied by senate bill 122. introduced BY
Senator Cassidy at the last legisla-
ture, to pay the interest on the $780,
900 worth Of bonds issued to pay the
cost Of suppressins the insurrectioa
in Cripple Greek.
The board also adopted = new
standard abstract Of assessment de-
vised by State Auditor Roady Kene-
hen, which will be used in future BY
the assessors in all the counties OF
| the state. The new abstract specifies
all kinds Of property in minute detail.
classifying land. for example. into i'm
proved fruit land. irrigated land, nat
ural hay land. dry farming land. gras-
ing land, productive coal land. nom
productive coal land. oil land. mineral
land, mining claims. and town and
city lots. Other property is specified
in detail the same way, with the idea
of giving the auditor an absolutely
definite knowledge Of the character
| Of the property assessed.