Pocahontas star herald., 1912-06-07

keeping accounts pToNlueu ~ law VT
I by the commission
Section S5 Section IL of Act 257 Of
the Acts of 1909 approved May II, 1909,
shall be amended so as to read as fol-
lows:
Section 12. The Arkansas Tax Com
mission as hereby created shall consti-
tute State board of equalization and
shall equalize the valuations and as
Sessments of property throughout the
STATE II shall meet at the State capital
on the first day of September of each
year for the purpose of equalizing the
assessments of the real and personal
property of the State. The commits
sion, as a State board of equalization
may. in it's discretion, sit at any other
place in the State it may deem advisable,
| for the purpose of making investiga-
tions or granting hearings relating to
| the work of equalzng the property OF
| the State The session of the commission
as a State board Of equalization shall
continue from the first day of Septem-
| Der to the fifteenth day of October each
| year AS a State board of equalization
| the Arkansas Tax Commission shall
have the following powers and shall be
| governed by the following rules:
/. To hear appeals from individuals,
firms and corporations from the orders
and judgments of the several county
| boards of supervisors of assessments
and to grant such relief as may be
deemed just and proper.
2. They shall add to the aggregate
| valuation of the real property of every
| county which they find to be valued
below it's true, full and proportionate
| value in money such per cent as will
bring the same to its true, full and pro-
portionate value in money
3. They shall deduct from the ag-
gregate valuation of the real property
of every county which they find to be
A 1,,nI oh &c frtra nd
| tionate value in money such per cent
as will reduce the same to its true, full
and proportionate value in money.
4. If they find that the valuation OF
the real property of any town or dis
trict in any county or of the real prop
erty of any county not in towns. should
be raised or reduced without raising or
I reducing the other real property in such
county or without raising or reducing
II in the same ratio they may add to
or take from the valuation of any one
or more of such towns, or districts or
of the property not in towns, such per
cent as they believe will raise or reduce
the same to its true. full and proper
tionate value in money.
5. They shall add to the aggregate
valuation of any class of personal prop
erty in any county, district or town
which they believe to be valued below
it's true, full and proportionate value
in money such per cent as will raise the
same to its true, full and proportionate
value thereof.
6. They shall. take from the aggre-
gate valuation of any class of personal
property in any county, district or
town which they find to be valued
| above the true, fun and proportionate
value thereof, such per cent as will re-
duce the same TO its true, full and pro-
portionate value,
Z. Should the commission find II nec-
essary, in equalizing the assessment OF
the State, to raise in the aggregate
the valuation of the real estate, or of any
personal property in any town, district
or county, as provided in paragraphs 2,
3. 4, s, and of this section. ana
should it also find that the Individual
, assessments of such town, district. or
county are not equalized and that bv
such raise in the aggregate of valua-
tions such given per cent the assess
ment of any individual taxpayer in the
town, district, or county as the case
may be, is increased to a point where
the same is above the true, full and
proportionate value in money of the
property of such taxpayer the commits
sion shall have the power and IL IL
hereby made its duty, after IL has
made suoh raise in valuation in the ag-
gregate, to reduce the assessment of
each such individual taxpayer to a point
where it will not be above true. full
and proportionate value in money
thereof.
Section Sc. Before taking any action
with respect to the property of any
county, district or town, as provided by
paragraphs 2, 3, A. 8, G and 7. section
SO hereof the commission shall cause a
written or printed notice TO be served
upon the county judge Of the county
wherein is located the property affect
ed. Said notice shall be published in
some newspaper in said county. If one
is published in the county; if not then
In newspaper having a circulation in
said county, in at least two weekly
issues before the date of said proposed
change. The notice shall give the date
and place at which the commission will
SIT and Shall warn said county judge
and all citizens of said county to appear
at said time and place and show cause,
II any they can why such change shall
not be made or such assessment in
creased or reduced and the result Of
SAID hearing, If any increase or de-
crease should be made. shall be certifi-
ed 10 the county clerk of the county
affected on or before the fifteenth day
of October.
Section ST. If, while sitting as a
State board of equalization between
September 1st and October 18th. the
Arkansas Tax Commission shall find in
equalities or a want Of uniformity be-
tween the assessments in any county,
the commission may In its discretion
either equalize said assessments ITSELF
| as provided in section S5 of this Act
or 1t may call a special session of the
board of supervisors of assessments OF
the county to sit both as a board Of
equalization and board of revision and
appeals, At such special session the
board of supervisors of assessments
may revise and review the assessments
or the county and may raise and re-
duce the assessments of individuals and
corporations to the same extent and in
the same manner as il is by this Act
authorized to do at the regular session,
AT said special session the board
snail have as full power TO act with rel
spect 10 the assessments of the county
as IL had at the regular session. Al
such special session, before the assess,
meht OF any taxpayer shall be i'm
creased such taxpayer or his agent
s.all pe given at least two days notice
Vi such proposed increase. The tax
payer may appear before the board sit
ting as board of revision and anneais
| and contest the proposed Increase IN his
| assessment in the same manner as he
| could at the regular session. AnneaI
may be taken from the decisions of tha
Doard or supervisors of assessments
made at special sessions in the same
manner and by the same parties as this
act provides for appeal TO be taken
rom the decisions of the board made
at its regular session.
oecton SS, record Of the proceed-
Hiss gI the Arkansas Tax Commission
eIiectlhs any changes in the assessed
Valuatlon OF any property as revised by
the commission sitting as a hoard ~
EQUALIZATION shall be kent nv tba eacre-