Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-07-14
assessed VALUES
MAKE TAXES HIGHER
DECREASE OF $4,000 IN vALUA-
TON WILL BOOST 1912
TAXES.
AasESsoRS' FIGURES SHOW
LOWER VALUES IN CITY
Lower Valuation Means 4 Loss Of S.
273 in Taxes Computed on the Pres
snt Levy Of 90 Mills-Comparative
Figures Of Valuations Showing Diff
fsroneos.


Taxes in the city will not be lower in
1912. Instead they viii be higher and
perhaps the increase will be as much
rs severa. mills. This is the
only conclusion that can be drawn
from a comparison of the total and tax
able value OF city property OF al
kinds, a. reported by the city assessor
Tor the years 1910 ard 1911.
This city has certainly grown larger
md richer in the las, Two years, more
property is owned, new buildings have
been built, more money has been in
vested in property Of various kinds,
yet all these things are proved TO be
untrue il the assessors fig ures are TO
be believed.
Decrease S234,ooo.
It is because of the showing made by
these figures which are used as the
basis on which taxes are computed and
collected, that taxes n the city Will BE
higher. The reason IS because tbs
valuation on which taxes are TO De
collected IS less. "A comparison Of the
total value Of city property Of all kinds,
as reported by the assessor, shows
q decrease Of s23i.ss0 this year COM
pared with 1910. One-qua-1er Of this
value, Or the taxable value, shows a
decrease Of s5s,595. The following
shows the comparative total values for
the two years
Total value, 1910 $50, $50
Total value 911 ..........s7 351 ,G12
Decrease this year .....-..s 234, $50
The following shows the comparison
Of the taxable value OF the property il
the city for the two years:
Taxable value, 1910 ......... 81. $50, 345
Taxable value, 1911 .......... 81, S37,153
Decrease this year ..-.....s 5s,595
Loss in Taxes S5,273.
Presuuicg, for the sake Of coUlpari-
son, that the tax levy for 1912 is TO be
80 mills, which is the levy On which
taxes were paid this year, this decrease
of sos, 5s5 IL the taxable value means
loss in taxes Of s5,2T3.55 This sum
would pay for the operation Of the city
schools for almost three weeks, and for
the maintenance Of the city govern
uent for approximately month.
Where the Decreases Come.
The valuation and assessment OF land
and real property We're made during
the past winter and spring. The last
previous Land assessment was II 1908.
This latter assessment being made
only every two years. was used il max
ing the levies for 1910, So that insofar
as the land and real estate valuations
are concerned, the comparison IS real
1y QnQ with 1911 q r<ariOfi, ri
This makes the decrease in land values
and the small increase in lots the
latter including all buildings, the more
to be wondered at The comparative
dgures given below, which represent
the total and Tot the taxable values OF
the classes OF properly listed. STOW
where the decreases and Increases re-
suited:
Land value, 1903 --.-.---...s14-,5o 4
LAID value, 1911 .s13o, $50
Decrease, 1871 .----..-...s 1856
Lots" value, 1911 s., All, 55S
Lots" value, 1909 ..---..-... So, 333, 712
Increase 1911 $3.50. ..-....s I37, 344
Comparison Of Stocks, Etc.
Tho items. land, lots. corporation
stocks. merchandise, and money and
credits make s7.oss,7s7 Of the tota, o.
.57,351, o12. the value Of al the property
assessed. Those items constitute the