Pine Bluff daily graphic., 1912-06-01

DIV this Act to be made by the ASseSsoi fsection ID and by the members of the esection s4 shall be entered in full on the assessors books prescribed by sec tiens 66 and 6S hereof. .l-. r Section 70. 'Phe session of the board the first day of July. shah he for the purpose of completing and equalizlns the assessments of the county. If shall be the boards duty to examine care, fully in detail the assessments of real and personal property as made by the assessor. Members of the board shall examine and compare the returns of as. sessment of property of the several same to the end that each tract or lol off real property and each article of personal property shall be assessed at it's true and fulI value in money. Tn performing it's duties in completing and eaualizing tue assessments of the county | the board shall proceed under the fol- | lowing rules:
 l. It shall raise the valuation of each tract or lot of real property which, in it's opinion. is assessed below it's true and full value in money to such sum as | it believes to be the true and full value thereof.
 2. It shall reduce the valuation of 1 each tract or lot which. in it's opinion. is assessed above it's true and full value in money to such sum as it believes to be ifs true and full value.
 3. It shall raise the valuation of each item of personal property which. l in it's opinion. is assessed below its true and full value in money. to such sum as it believes to be the true and full value thereof, and it shall raise the az. | gregate valuation of all the personal | property of each individual firm or cor poration, when it believes that such az | gregate valuation is below the true and full value of the personal property be- | longing to such individual. firm or corporation to such sum as it believes | to he the true and full valuation thereof. 4. It shall reduce the valuation of each item of personal property which, in it's opinion. is assessed above its true and full value to such sum as it be- thereof. It shall reduce the aggregate | valuation of the personal property of any, individual, firm or corporation to such sum as in it's opinion is the true and full value thereof.
 D. It shall place upon the tax-books any omitted items of personal property subject to taxation provided such items are not placed thereon when the omia- sion is discovered by the assessor. It shall assess such omitted items at their true and full value in money. t.
 G. It shall assess the taxable property of every person who has failed to make and file the list required by law and | whose property the assessor has failed or refused to list.
 7 It shall place upon the tax books and assess at it's true and full value in money any parcels or lots of land which 1 the assessor may fail or refuse to assess: and it shall add to the assessed tvalua- l tfon of any real estate any improve ments that have been placed thereon, and which the assessor has failed or refused to list as required by law. | S. It shall have and exercise com pleta and perfect supervision over the assessments of the county. and may do and perform any acts not inconsistent i with this Act to the end that all the property of the county subject to tax ation be taxed at it's true and full value in money us required by law. 'The .as- sessor shall attend at all sessions of the board and render such assistance and give such information as the board may require, @ @s-
 section II 'rhe board shall perform its duties with respect to reviewing assessments of, the county and eoualiz- ing them between the first day of July and the fifteenth day of August of each year It snail devote such time as in it's opinion may be necessary to the per I formance of it's duties as herein pro vided, In boards consisting of three in boards consisting of five members tthree members shall constitute quorum
 Section ..72 The clerk of the board shall keep. in a book provided for that purpose. 2 record of the proceedings pf :, the board. Said record shall show the items of personal property and parcels of real estate whose valuations the board has changed. Before the fifteenth
  l provided the board adjourns before the fifteenth day of August. the clerk of the board shall prepare a written or printed notice of each increase in valua- ton made by the board, Such notice shall show each, item of personal prop- erty or parcel of real estate which tue board has assessed or whose valuation it has incrcaSed: also the valuation as | originally made and the valuation the board has placed theEeon. Such notice shall be signed by the chairman and the clerk of the board. It shall be served on the owner of the property whose l assessment is affected, or his agent either by the clerk in person or it shall be sent by mail to such person or agent The notice shall warn the person affect ed to appear at a session of the board of supervisors of assessments to bc begun and held on the fifteenth day of August following, and show cause why such increase in valuation shall not be made.
 Section 73. On the fifteenth day of August each year. the board of super visors of assessments. with the county judge as ex-officio member and as chairman thereof. shall meet as board of revision and appeals for the purpose of hearing complaints that taxpayers may have to make because of the un- dervaluation or overvauation of prop erty. Such sessions may continue from day to day until the first day of Sep tember. if the board does not sooner complete it's work. At such session the btttiu Stitii be SoNcIHtu DS tue 1oitOh ing rules:
 I. It shall hear and consider no evil denec unless the witnesses are sworn as witnesses are sworn in a court of justice.
 ?. Taxpayers aggrievcd because of the valuation placed upon their prop crty by the assessor or by the board sitting as q board of eaualization may appear in person and by attorney and offer any legal evidence they may have touching the justice or legality of the proposed increase in the valuation of their property
 5. The county aud State may appear either by legally appointed attorney or by the prosecuting attorney or his deputy. .5.ss
 1. If q taxpayer is of the opinion that another taXpayer's property is un- derNalucd he may appear before the hoard and make complaint and it shall be the duty of the board to adjust all assessments se complained of in such manner as tho facts may warrant.
 5. If it should develop at the hearing or in any other way that items of per- sonal property or parcels of real estate are assessed below their true and full