The Prescott daily news., 1911-12-18

fund with which to complete the stdle capitol, the rate to be known as the | Capitol Rate as follows: "If the total value of the property | of this state as determined by sec | tion 99 of this act does not exceed four hundred and fifty million (S45O. | 900 .000) dollars. the capitol rate shall On each ane hundred dollars of prop l erty assessed be four and five-tenth (4 5-10l cents: if said total value is between fCur hundred and fit" mil lion (s450OoO 00oW dollars and four hundred and seve0ty-fve milEc1 (s475, ,000,O0o) dollars, said rate shall be four and four and fourteenth (4 4-10) cents.
 Then as the assessment increases, for each rise of S25.000,000 the capitol rate is lowered until at the end Of this section the highest assessment named is S1,2500oOooo, ard the low est capitol rate is one and ooe-half cents. Then. this is the lareuage used for ascertaining the states rates.
 "The pension rate shall te in each case three times: the states general rate five times. and the states school rate six times the capitol rate"
 So it is easily seen from the above that the maximum rate would be- on sf5oO00.O 0.O00 Assessment. canitol 1-2 cents, pension 13 1-2 cents, etato general % 1-2 cents, state school 2 cents; total 67 1-2 cents on the hun. dred dollars: and the lowest rate would be. on a $f.250OO0000 assess ment. conitol (used only as a basel 1 1-2 cents, pension 4 1-2 cents. state general ' t-2 cents. state school . cents: total q cents on the hundred dollars
 The capitol rate Is left off because 1t will he discontinued before thi4 period is cached and will be used thereafter only as a base upon which to figure the amount of the othor three state rates:
 Section 10o Provides that county levving courts shall rct lew tax on the country greater than a rate which will yield for the mav' mum amount of taxes co'ectod a sum 10 her cent over that which was collected for the preceding year. The lowing court cen, of course. reduce the taxes of thoir respective counties ae much os the like
 Section 104. Puts the same Hmta ton on the taxation of the cities and towns of the state that section 102 puts on the counties.
 Now, practically a,l else in the hil refers to exemptions from tav-tiOn of certain property Of the state. such as churches scACo'hcuces. etc: to the constructions to be rlaoed or questions of real and nersoral prop ertv for tho DurDcee of taxati0n: io yalidatlon of assessments: 10 chang. Cf the time in beginning the ae-oss-
 nent and the election of sctocl direc. tors so that the entire svstor1 VII work out harmoniouslv and to rules and government for the asse ssors boards. commissions ord courts.
 The rules and repu'ati0ns. to some individuals aNnear to etrorr. but un. less the necessary power ha given to enforce the law refcrm in en~ revenue system would he useless. ord "eQuali2ing" boards would be force1 to keep on "equalizing up" the nror ertv of the small tavrqver rnti. enough tayes were collected from hin to run tho state
 The sections of the revenue bN' | herein quoted make uD al1 of tha rc uulremeuts Of the law go for as the ! actual prOrrrtv to be ass 0eeed and taNed is concerned Ther2 f. nothinv contained in tnem that imroses on ing man. Nor is there anything tha' can imroeo ? hardship on anvbCd" but tho h.11 'f a~o~Ovod hv tho n9~ pie. will comDa' the large nrorcr.- owners to nay their just share Of Fv taxes of the state
 The small tavraver etou'd rer1nro. | Der that there can ha rc low naceo1 10 comre' anyone to pay taxes on sometime tAat he does not own ~r control Sr~h law wouli re imvos. sirlo in oornco.'on ard ~foroomoat
 The s.~e1l tavnav~~ sbc,1'd further more rerreTirc~ t1ot 4he rreeort law | comncl- him 10 0ov a. r~-"si~e'l | evcrvth'ng thot hc S~os ov.0 ~A | eraH av-r~o~ eNould e~Gr,t7, t-,t
 " c"v.e and H4k eiwec'e tr, l ro-+f-r '1o~- orv+Nir~ r. tri- ~ .'-. ,.''' ,.-et -oop" T-,rther,,ora l 'o nd answer anctho~ l ' is this bill now hurt.