New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1912-01-10

After tho revision, the property
owners who had been paying the
most taxes paid less, while those who
had been too lightly taxed found their
tax bills had been increased. This
followed as logical consequence OF
the policy Of making the largest in
creases to the taxable values Of prop.
erty that had been favored with low
valuations under the old system.
Records Of the tax commission
show farmers and homo owners had
been paying on . higher basis than
holders Of corporate property. Now
the former are paying millions less
annually - the following table
shows:
1910 Realty duplicate ..$1.ss1. ess, 1858
1919 Tax rate ......... : per cent
Taxes paid 1910 .. $ls.s6o. osS.74
1911 Realty duplicate ..$4.z4s.47s.5eS
1911 Tax Rate .........H per cent
Taxes paid 1911 :. 81. 4s4, 1855
Reduction 1911 80. 1885. S13.05
The corporations make up In in
creased tax payments the reduction
Of over $7.o0o.oo0 which the farmer
and home owner obtained. And there
has been no litigation, the corpora
lions being satisfied they have been
Justly dealt with. T..
Many taxing officials and property
owners have issued statements deal.
ing with the benefits that have come
with the tax reforms.
Auditor Alexander Of Ross county
recently declared. In 4 number Of
taxing districts Of our county the peo-
pie can pay their whole years taxes
1T the December collection and still
pay out less money than they paid
before for the half year. Ninety per
cent Of our people will pay less taxes
than they paid last year. The other
10 per cent will pay more. because
they have been escaping taxation in
the past"
Frank r. Vance, Z member Of the
Columbus board Of tax review says:
"One interesting effect Of the new
rate has been to make money much
easier to loan in Columbus On real
estate mortgage security. When the
old $3.12 and 1929 rates per 500 Of
property were in effect in Columbus,
people invested their funds al non
taxable bonds, paying 3 and 4 per
cent interest to escape the nigh tax
rate. That investment was better
than to loan money on mortgages at
s per cent and have to pay o'er half
Of the income in taxes. With the
low rate, the people can loan money
at 6 per cent, list the mortgage for
taxation and still be better of than
they were when they put their money
into bonds. The low tax rate 10 .
great announcement to homo build
ing. Take the case Of the average
citizen with Z house worth $4,000.
Under the old system 1t was apprais.
ed at $500 to $4,000 and the rate
$3.12 brought the taxes to $50 q year.
The full appraisal today 10 50 900 and
with I per cent tax rate the tax
bill is only $50 = year, . substantial
encouragement to the man who
wants to own the roof over his head
These tax reforms are relied upon
by Ohio friends of Governor Harmon
to answer the charge, frequently
made, that he is q representative Of
big business.
To get into line those ske otics who
assert that Governor Harmon is not
enough to suit them, the
Ohio executive has list of bills en-
acted in the 1911 session Of The Ohio
legislature that, for progressiveness. /
are the equal Of any legislative pro
gram to the credit Of any governor
In the United States.