Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1909-02-18
VALUE OF PROPERTY.

Valve VI VNSVe"sus
Commissioner of Agriculture and
Lbor Gilbreath has given out some val
uabae data with reference to the value
Of property assessed in North Dakota.
A great amount of property escapes
taxation. The per capita of wealth of
the state of North Dakota reaches quite
= large sum when a computation is made
and all the property listed, much of
which is not listed and therefore con-
not be taken into consideration. It is
quite difficult task to arrive at the
actual value of this property and the
only way to determine its worth is to
take the figures of the state board of
equalization as a basis. The lands of
tiis state we're assessed on an assumed
basis of twenty-five per cent of their
actual value, but this is far from being
correct. An examination of the SELL
ing prices of these lands will disclose
the fact that the lands were assessed at
from one-fifth to ~one-sixth of their
marketable value.
: Upon an examination of the reports
of land listed for taxation it is found
that there are 80, 1855, 81 acres and
the total assessment placed on this land
BY the state board is $114 $780, 29.
There are in this state A, GIG, 900 acres
of land, thus. leaving approximately
+ 4, 954 600 acres which are not assess
Cd, being either homesteads, govern
meut, state or school lands. The value
placed on the assessed lands is a frac-
bon over $S.71 per acre. But for the
purpose of arriving at the actual value
Of these lands it is. not excessive to-
Place their marketable value at FIVE times
that amount, or $l8.55 per acre. 1t is
true that m some counties these figures
would be trifle high, but in many
ether counties they would be excess
svely low. But to place the entire state
on that basis would not be far out of
the way. Possibly twenty dollars per
acre might be better and more accur-
ate valuation.
For the purpose of determining the
real estate valuation the foregoing
basis is taken, $18.55, and it is found
HAT the total value of the assessed lands
IS $574,651, 645. This leaves 1884, $40
acres of unassessed or unaccounted
Tor lands and of this amount there are
lilo POS acres of school land remain
ing nnsold and which, accoding to a |
constitutional provision cannot be sold
for less than $40 per acre. 1t is fair
and equitable to place the value of all |
snassessed lands at s. 2er acre, many
acres of which will be sold inside of a |
fe~-years as high as $40 per acre. Pos
sbly some of these acres have only al
nominal value and it is therefore con-
servative to place the whole at s. perl
acre, making total of Sill ,636 1922, |
Of grand total of $6s6,2ss, o37 for the
lands assessed and unassessed.
It IS much easier to arrive at the
value of five stock in the state. There
were, according to the report from the
various counties, live stock amountine|
70 The sum Of $46, 409,066. This I'M
doubtediy is based on an assessment Of
twenty-five per cent of the actual sellinRl
price Of the stock, which would make
! total Of $185, 636,344. *. >@.z;s
Il IS not, however. the purpose Of this
article to 60 into details in order. to
arrive at the: actual valuation of all |
psopeTty assessed with the boundaries
q the state. It will be, sufficient to
iilE1nize ii IS follows: H. .E ~
Lsnds exclusive Of struc. +. ,.r: = :lss..s
lures !. .::- s s574 ,651 ,645
Value Of farm structures II, O42 1915
valne Of town lots ....:. n, 499, AS
vaf.es Of town lot struc- s*.=s$>::....2S
turss .... 8. 20, 51l, 40
values Of lands not as = n, =. .,,s
SOD ....:. J. Z: ..... ia ,6ss, 5o2t
Nostlrrn Pacific railroad 50, 642 SIG
Crest Northern railroad 81, 025 ,0e01
500 railroad vs.. 80, s75, 100
G, u 4 81. Paul. -. 4, soo. 100
G. n. & 81 2. Of S. d 8, 157 ,2oOtt
NV 80, ISL ,7eoI
Farmers Gram 4 Ship
- @. 75s, l6ol
lston. Devils Like &
ou.hern ii, ss4
Deyiiy Lake 4 Chaufan- 81.
. i, sol