Pocahontas star herald., 1912-06-14

3
Of and The use of forms and system of
keening accounts, provided by law or
! by the commission
Section IS. Section IL of Act 257 Of
the Acts Of 1909, approved May II, 1903.
shall be amended so as to read as fol-
lows:
Section 12 The Arkansas Tax Com
mission as hereby created shall consti--
tute a State board of equalization and
shall edualize 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 equalizine the
assessments of the real and personal
property of the State. The commits
sion, as a State board of equalization
may. in its discretion, sit at any other
place in the State il may deem advisable,
| for the purpose of making investiga-
tiOns or granting hearings relating to
the work of equalizing 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:
1. 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.
8. They shall deduct from the ag-
gregate valuation of the real property
of every county which they find to be
/ valued above its true full and proper
tionate value in money such per cent
as will reduce the same to it's 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
reducing the other real property in such
county or without raising or reducing
it 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 propor-
tionate value in money.
s. 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 proportionatS
/ value thereof
6. They shall take from the aggrsI
gate valuation of any class of personal
property in any county, district or
town which they find to be valued
above the true, full and proportionate
value thereof, such per cent as will re-
thn co ina 20 10 NrY,a f,,ln
, portionate value.
7. Should the commission find Il nee
! 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 Z,
3; 4; s: and Of this section, and
should 1t also find that the individual
assessments of such town, district or
county are not equalized and that by
such raise in the aggregate of valua-
tions such given per cent the assess
meft of any individual taxpayer in the.
I 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 it has
made such raise in valuation in the ags
|
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, 8, T. 8, 6 and 7. section
| SO hereof, the commission shall cause
| 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 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
az said time and place and show cause,
| IL any they can. why such change shall
not be made or such assessment in
creased or reduced and the result OF
| SAID nearing. If any increase or de-
| crease should be made. shall be certih-
| ed to the county clerk of the county
| affected on or before the fifteenth day
of October
Section 81. If, while sitting as
| State board of equalization between
| September 1st and October 10TH the
| ArkaIsaS TAX commission shall find IN
| equalites or a want of uniformity be-
| tween the assessments in any county,
| the commission may in it's discretion
| either equaliZe said assessments ITSELF
| as provided in section 85 of this Act
! or 1t may call 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.
Az said special session the board
| shall have as full power to act with re-
| spect to the assessments of the county
| as It had at the regular session. At
such special session, before the assess-
| ment or any taxpayer shall be in
| creased, such taxpayer or his agent
shall be given at least two days' notice
| or such proposed increase The tax
payer may appear before the board SIT
ting as board of revision and appeals
and contest the proposed increase in his
assessment in the same manner as he
could at the regular session. Appeal
may be taken from the decisions of the
Doard OF 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
| from the decisions of the board made
| at its regular session
| Section S8. A record Of the proceed-
lngs OF the Arkansas Tax CommissioR
eIiecting any changes in the assessed