The Prescott daily news., 1912-05-31

in money to such sum as it believes to be its true and full value.
 B. It shall raise the valuation of each item of personal property which, in its opinion. is assessed below its true and full value in money, to such sum as 1t believes to be the true and full value thereof. and it shall raise the ag- gregate valuation of all the personal property of each individual, firm cor poration, when it believes that such ag- 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 be the true and full valuation thereof.
 4. It shall reduce the valuation of each item of personal property which, in its opinion, is assessed above its true and full value to such sum as it be- lieves to be the true and full value 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 are not placed thereon when the omis- sion is discovered by the assessor. It shall assess such omitted items at their true and full value in money.
 6. 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
 ': It shall place upon the tax books and assess at its true and full value in money any parcels or lots of land which the assessor may fail or refuse to assess; and it shall add to the assessed valua- tion 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
 &. It shall have and exercise com plete and perfect supervision over the assessments of the county, and may do and perform any acts not inconsistent with this Act to the end that all the property of the county subject to tax ation be taxed at its true and full value in money as 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
 Section 71. The board shall perform its duties with respect to reviewing assessments of the county and equaliZ- 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- formance of its duties as herein pro- vided. In boards consisting of three members two shall constitute quorum; in boards consisting of five members three members shall constitute a quorum
 Section 72. The clerk of the board shall keep. in a book provided for that purpose, a record of the proceedings of 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 day of August or before adjournment, 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- tion made by the board. Such notice shall show each item of personal prop erty or parcel of real estate which the board has assessed or whose valuation it has increased; also the valuation as originally made and the valuation the board has placed thereon. 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 assessment is affected or his agent, either by the clerk in person or it shall he sent by mail to such person agent. The notice shall warn the person affect ed to appear at a session of the board of supervisors of assessments to be 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 overvaluation 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 board shall be governed by the follow ing rules:
 l. It shall hear and consider no evi- dence unless the witnesses are sworn as witnesses are sworn in court of justice.
 ?. Taxpayers aggrieved because of the valuation placed upon their prop- erty by the assessor or by the board sitting as a board of equalization may appear in person and by attorney and offer any legal evidence they may have touching the justice legality of the proposed increase in the valuation of their property.
 3. The county and State may appear either by legally appointed attorney or by the prosecuting attorney or his deputy.
 4 If a taxpayer is of the opinion that another taxpayers property is un- dervalued he may appear before the board and make complaint and it shall be the duty of the board to adjust ali assessments so complained of in such manner as the 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 value in money, the board shall raise the valuation of such undervalued prop erty to it's true and full value in mon- ey, first giving the owner of such prop erty notice is provided in section 73 hereof to appear and show cause why such raises should not be made.
 (. It shall not be considered as a ground for reducing the valuation of the property of the taxpayer that ad- joining property or that other property in the county is assessed below its true, full and proportionate value in money or is not assessed al all. but such other undervalued property shall be by the board increased in valuation to its true, full and proportionate value in money, or properly assessed, as the case may be.
 '. By a vote of majority of the board any contested assessment can be reduced or raised as the evidence in-