Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-06-20
CHANGE IN LAW RELEASINo
MONEY FROM GENERAL LEVY
LIKELY TO CAUSE INCREASE.
clTY's ASSESSMENT
GROWS BY $4,000
But Deductions Of Moneys and Crsdits
Of s69o,s62 Must be Made From Total
Will Require Larger Levy on Bal
anee to Make Taxes Next Year Equal
to This Year.

I
surprised or disappointed if, later in
the summer, when the time comes for
the city council and the school board
! TO levy its taxes for 1913, that the mill
it was for this year. This assertion IS
based on the tax assessment returns
! on personal property made in the city
and county this spring, and the change
| in the law that makes it possible to
assess only certain number Of mills
against moneys and credits.
| In the county towns and In tho
! country townships not SO much differ
ence will be made, but in this city,
while an increase is shown In the
amount of property TO be assessed, the
new law for taxing moneys and credits
is going to make difference in the
/ number of mills that will have to be
levied to bring the same amount OF
taxes as is being collected this year
| from the levy made last year.
County Increase 10 Small.
Outside of this city there was an
| actual decrease in the amount of per-
sonal property assessed by assessors
Of s104,0Os, compared with the assess
ment Of similar property year ago.
The increase in the city was s129,010,
but the increase for the whole county
was the small sum of $25,O02.
The total personal property assessed
for taxes this spring in the entire
county was s6,945.206. Last year the
total was $6.920,204, showing the in
crease of s25,002 in favor Of this year.
The personal property assessed in the
city was s2.OO3.S5S and outside Of the
city the total was s4.941,34S.
Moneys and Credits $69o,862
The assessment of personal property
in the city last year gave total Of
s1,s74,s4s, so that the increase in the
assessment in this city this year over
last is s129,010. rather creditable
showing. If the tax laws had not been
changed this increase in the amount Of
the personal property turned in for
assessment would indicate that there
would be reduction in the mills levied
against 1t. But this is not the case.
OF the total of s2,O03,s5s the assess
ment of personal property shows $780,
l $50 is moneys and credits. According
l to the new law these moneys and cred
| its can only be assessed mills fol
taxes. Previously the many and cred.
its were assessed the same number OF
mills that were levied against the Other
personal property.
Why Probable Increase.
The probability of an increase In the
] mills to be levied will be due to the
law. which virtually takes the moneys
and credits out Of the total sum to be
levied against. and places 1t in class
by itself. making it possible to levy
only mills against it. Deducting, then
this s69Os62 of moneys and credits
from the total of s2003s5s Of persona
property leaves s1,312,e96 to be levied
against to the full amount of whateve,
number Of mills may be required tc
raise the amount needed. This s1.312,-
996 is s561,s52 less than the 1884.
s4S of personal property the coun.
ell had to levy against last year
That is why it is likely that 6
larger number of mills will have t.
be asked for to bring the same amount
of taxes next year as this year. Tht
assessment Of real estate is made onl,
every two years, so last years assess
ment on this class of property govern
for next years taxes.
Increased Moneys and Credits.
ne purpose VI Tic new law VI levy
ing only mills against moneys ant
credits was partly to bring it out O
hiding by making the assessment
small. Locally this has been success
full only in part. The increase in thi
class Of taxable property this year, a
compared with 1911. is s245,s22 in tn
city Last year it was s445,O4O Thi
year the assessors found $69O,S62.
In ba other nerS0pa1 properfy in fh
city, aside from the moneys and cred
its, a big loss is shown Deductinl
the moneys and credits, the total of tn
other personal property assessed thi
year was s1,312,996. compared with tn
total of s1,429,S0s. This shows a de
crease this year in the amount of tn
assessment Of other personal propert
of $116,S12.
Decrease in Country.
The increase of the total assessment
in the city was all that saved the en-
tire county from showing a decrease
as the city's increase more than offse
the country's decrease The total al
sessment in the county, outside Of tn
city this year was $4,941, 348 compare
with $5,045,356, a loss Of $104008. Til
bulk Of the personal property OF tn
country is livestock. The assessors re
turns show a decrease in number 1
practically all kinds Of livestock, an
corresponding decrease in tn
amount assessed against that livestocl
That explains in large part the dc
crease in the county outside Of ehe cit
Some Details Of Assessment.
There was total Of $436,065 wort
Of bank stock turned in to the a
SCISSORS, and Of this amount 1851
worth, or about three fifths, 10 owne
in this city.
The value of the merchandise stool
Of this city, as reported by the al
SCISSORS, shows an increase Of almo
$4,000 during the year, or $790,1'
lcompared with 3743, Az for last year.
ARRANoEs FOR CAR SERVICE.
Masonic lodge Gets eromjoe 81 Min
es M;a,,$n Eaea Ear 01a03o 0nv.