The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1912-01-16
TIMES BUREAU,
AT STAT. CAPITAL.


Indianapolis. Ind, Jan. 1e-The
county assessors in their meeting with
the state board of tax commissioners
adopted resolution calling on the next
general assembly to change the time
of electing either the township asses
sors or the county assessors. both now
serving four year terms. This change
Is sought in order that the county and
township Offices will not be vacated at
the same time. 1t was pointed out that
under the present law, all the Offices
are vacated on Dec. 81, before the regu-
lar appraisement of real estate. every
FIVE years, with the result that unless
the officials are reelected inexperienc-
ed men take charge of the offices on
the eve of such real estate appraise-
ments.
It was decided that the thirteen con-
gressional districts In the state should
constitute thirteen assessing districts.
and that at ONE time in March a dis
trict meeting of township and county
| assessors should be held in every dis
/ trict to cover two days and to be at
! tended by members of the state board.
Uniformity of appraisements of like
properties is to be the topic of these
meetings.
! Changes were made in a number OF
assessing schedules. fixed annually in
the meetings between the assessors
and the state board. One provided that
in fixing the value of farm products. the
market value on March 1. with rea-
sonable deduction for the cost of mar
keting should be the basis. In APP
praising household furniture the as
SCISSORS were instructed to inspect per-
sonal1y the furniture and fix the values.
| In stone quarries. 1T was held. stone not
| quarried should be held as part of the
| real estate, and quarried stone and
quarrying machinery should be as
sessed at market value as personal
| property. In appraising farm machine
| ry, the assessors were instructed to in
| spect machinery, and the county asses
| sors were instructed to provide the
township assessors with price list for
different kinds of machinery, to be used
/ as a basis in fixing values. In coal
mines, personal inspection Of machine
/ ry and mined coal on March was di-
rected.
An entirely new schedule was work
ed out for pipe lines and oil and gas
wells. For oil wells, the schedule was
made as follows: Abandoned wells
from SIS to 500, where the pipes re-
five barrels or less daily from $3.50 10
$500; for wells producing Ave. to ten
barrels. from $500 to $500; for wells
/ producing more than ten barrels, SIS
for each barrel capacity: short der
dicks. $50; long derricks, 500; oil
| tanks for storage purposes from 10 to
% cents a barrel capacity. piping $1.5t
(old) and SOB (new) for every one
hundred feet of inch pipe. TO STAT
(new) and s112 (old) for every one
hundred feet of twelve-inch pipe
Abandoned gas wells were scheduled a.
So where the pipe remains, and pro
ducing wells at from 500 to $1,000.
No changes were made in the SEIZED
ules for live stock, stocks and bonds
factories and mills. foreign and domes
tic corporations. and notes and &C
I, counts.
Three topics occupied most of the
time OF the county and township asses
sors at their meeting. One was TIL,
assessment of corporate excess for in
corporated concerns. another was th'
appraisement of bank stock, and tn.
f,>T ub 10, +oin ~ F,