Pocahontas star herald., 1912-07-05

often as may be necessary, WISH each
county in the State for the purpose or
! requiring the proper assessment ana re-
turn Of property uniform value there
of, and the use OF forms and system or
keeping accounts provided by law or
| by the commission.
| Section S5. Section 12 Of Act 257 of
! the Acts of 1909 approved May II, 1909,
shall be amended so as to read as toI-
[ lows:
/ Section 12 The Arkansas Tax Com
mission as hereby created shall consti-
tute State board of equalization and
| shall equalize the valuations and as
/ sessments of property throughout the
| State. 1t shall meet at the State capital
| on the first day of September of each
year for the purpose of equalizing the
assessments of the real and personal
property of the State. The commits
| sion, as q State board of equalization
may, in its discretion, sit at any other
| place in the State it may deem advisable
! for the purpose of making investiga-
| tions or granting hearings relating to
| the work of equalizng the property Of
| the State. The session or the commission
| as q 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:
l. 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.
g They shall add to the aggregate
valuation of the real property of every
| county which they find to be valued
below its true, full and proportionate
| value in money such per cent as will
bring the same to it's true, full and pro-
portionate value in money
g. 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 its true, full
! and Droportionate value in money.
A. 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
! 1t 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 it's true, full and propor-
! tionate value in money.
| r. They shall add to the aggregate
! "aluation of any class of personal prop
| erty in any county district or town
which they believe to be valued below
| its true, full and proportionate value
| in money such per cent as will raise the
same to its true, full and proportionats
value thereof.
G. They shall take from the aggre-
| 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-
duce the same to its true, full and pro-
portionate value.
Z. Should the commission find II nee
essary, in equalizing the assessment OF
! the State, to raise in the aggregat.
the valuation Of the real estate or of any
| personal property in any town, district
| or county, as provided in paragraphs 2
| 8. 4. 8, and of this section, and
should it also find that the individual
! assessments of such town. district or
county are not equallzed and that by
such raise in the aggregate of valua-
| tions such given per cent the assess-
ment of any individual taxpayer in the
| town, district or county, as the case
| may be, is increased to a point whore
| the same is above the true, full and
| proportonate value in money of the
! property of such taxpayer the commits
sion shall have the power and IL in
/ hereby made its duty. after ii has
made such raise in valuation in the az
| gregate, TO reduce the assessment Of
each such individual taxpayer to a point
| where IL will not be above true fun
and proportionate value in money
| thereof.
Section &C. Before taking any action
| with respect TO the property of any
county, district or town, as provided by
| paragraphs 2, 3, 4. 8, and 7. section
S5 hereof. the commission shall cause a
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 a newspaper having a 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
at said time and place and show cause.
if any they can, why such change shall
not be made or such assessment in
| creased or reduced, and the result of
| said hearing, 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. IT. while sitting as
State board Of equalization between
September 1st and october 18th, the
| Arkansas Tax Commission shall find in
| equalitieS or a want of uniformity be-
| tween the assessments in any county,
| the commission may In its discretion.
| either equaliZe said assessments itself.
| as provided in section SIS of this Act
| o. II may call a special session OF the
| board of supervisors OF assessments OF
| the county to sit both as a board OF
| equalization and a board of revision and
| appeals. At such special session the
| board OF supervisors of assessments
may revise and review the assessments
| of 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.
| At said special session the board
shall have as full power to act with re-
| spect to the assessments of the county
as II had at the regular session At
| such special session, before the assess
| ment of any taxpayer shall be in
creased, such taxpayer or his agent
shall be given at least two days notice
OF 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
board 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 SS. \ record OF the proceed
n AW1a9 m.