The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-12-28
LOWER TAX RATES
NOW POSSIBILITY
Both in City and County Be-
cause of Increase of
Property Values.
ASSESSMENT IN SPRING
Big Corps Of Men Will Be
Placed at Work. Only
Competants Desired.

Prospects are that In either 1911 or
1912. the county and possibly the
Richmond tax rates will be reduced.
unless the county and city determine
to go In for a big amount OF improve
ments. The reason for this Is taat
in the spring the reassessment OF
real estate I'm the county will be made,
and IL Is more than probable that the
assessed values Of these lands Will
be increased proportionateiy with the
Increase In the valuation in the last
four years, IL being four years since
the assessment OF real estate In the
county was made.
As an illustration of the increase
OF values OF real estate both I'm Rich
mond and In the county. there are
lots without number In the city which
were listed at about "A hundred dollars
four years ago. and since then have
been sold for five to eight hundred
dollars and I'm the case OF farms.
there are equally as many cases which
may be cited which have the taxing
value OF thirty dollars an acre. but
can be sold for from s75 to $40 and
9125 an acre.
10 Holding Its Own.
As a result of these great property
value increases. IL Is generally felt
that In the assessment OF real estate
in the spring. taxing values will be
hxed on each piece OF property
which will be more nearly the pres
al, hA uuIn of
real estate put on the county's books
for taxation purposes, the greater
will be the revenue derived. Under
the present taxation rates the county
In more than holding its own with an
assessment of about thirty-four cents
on the hundred dollars valuation.
County officials predict that II the
assessments Of real estate fix the val
ucs any where near the amount
which they anticipate. that the coun-
tvs tax will be reduced to some fig
ure In the twenties.
There IL a demand for the South
and. while there are several thousand
dollars In special fund In the county
for this purpose, II has not yet as
sumed proportions which would make
the construction possible without the
county borrowing the money.
IL II IN decided that those who
would be benefited by such bridge.
can wait until sufficient money is in
the special fund. then there is no
reason. as the situation Is viewed now,
why the county tax rate can not be
reduced. II Is certain that even in
curing big debt In construction of
the bridge. would not necessitate a
rate Increase. 1855.
Rats In Thls City.
As II Is almost certain that Rich.
mond property values will be in
creased In n corresponding rate with
the amount OF increase in property
value four years ago, this city should
have IL revenue each year which will
be several thousand dollars In excess
TO that nov received semi-annually.
The city has several big propositions
under consideration. One Is the inn
provement of streets and sidewalks,
another the municipal ownership of
the water works. II any of these are
attempted, II will require much
money. .f
The. assessments of the real estate
values In Wayne county will start ON
March 1. and will continue for seven
ty-five days. The corps of deputy as
SCISSORS In each township will be much
larger than usual, and also an effort
will be made TO get the most compe-
tent men possible. in order that tax.
Ing values at somewhere near the
real property value may be fixed.
Property owners who may be dissat-
isHed with tho values placed on their
property by the deputy assessors may
appeal from the assessors decision
to the board of review. II no salts
factory adjudication Is made in the ap-
peal to the board. then the property
owner may appeal still further, to the
state board OF tax examiners. The
state board of tax examiners also
have the power. II they are dissatis-
ned with the assessors rating. TO
increase the taxing value OF property.