The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1912-11-15
GOPHER STATE ADDED
BIG sum TO TAX LIST
From Mondays Daily.

From Mondays Daily.
Nearly $150,0O0,OOO was added to
the taxable property in Minnesota
during the year through the combin-
ed work of the local officials and
the state tax commission, and the
increase raise the assessed valuation
of the property subject to the ad
valorem taxes TO $500, 65S,669. With
an increase of $137 ,944,026 in real
estate valuation, more than $32,000,-
900 of which is on the ore lands,
an increase of $215, 2S2,925 in person
al property and $19,8S7, 507 in moneys
and credits, the members of the
state tax commission are disposed
to look upon their years work with
some satisfaction. Their reports show
1,619,915 acres added to the farm
lands, largely through the sale of
state and railroad lands and the
issuance of patents on homesteads,
large increases in the amount of
livestock, in automobiles, in whole
sale and retail stocks of merchan-
disc, in bank stock, in implements
and machinery, are reported. Only
in the item of logs and lumber is
there a decrease.
THE assessed value of structures
and improvements on lands shows
an increase of $9,316,309, or 1873
per cent over the previous assess
ment,' says the tax commission in
preliminary report. This would
indicate a prosperous condition in
the rural districts of the state.
SIN cities and villages the assess
ed value of structures shows an in
crease of $22,044,934, or 1872 per
cent, over 1910 Nearly 20 per cent
of this increase, however, is in the
three large cities, Minneapolis show
ing an increase of $9,S35,S30, st.
Paul $3,431 $50, and Duluth $685.
72S, on this class of property over
the last assessment.
at may be interesting to note
that in the rural districts of the
state 81 per cent of the total as
sessment is on land and 9 per cent
on structures and improvements,
while in the cities and villages of
the state the assessment on lots is
40 per cent and on structures and
improvements 81 per cent of the to-
tai.
The total assessed value of per-
sonal property exclusive Of moneys
and credits, is $215,2S2,925, being
an increase of $9,20S,2S0 over 1911.
The livestock observation-disclosures, cat
tie, sheep and swine, show the
largest increase, $1,77S,474, followed
closely by automobiles with an in
crease of $1,742,7S9. Wholesale
and retail merchandise shows an
increase of 100000 over 1911.
The assessed value of bank
stocks is $1,542 ,654 larger than last
year, while bonds and stocks not
assessable under the money and
credit law show an increase OF
$1,O5S,457. A decrease of 1897, 165
in logs and lumber in the hands of
manufacturers indicates a decline in
the numbering industry in Mime
sofa. The growth of the state, how
ever, in other lines of manufacture
ing is shown by an increase of ST.
22S,160 in the assessed value of man.
ufacturer's materials, tools, nipple
ments and machinerT.
The assessment Of money and
credits shows a substantial increase
over 1911, both in number of per-
sons assessed and total assessment.
In 1911, the first year Of the 8
mill tax, Al ,439 persons were assess
ed for this class of property, while
in 1912 the number increased to So
564, gain of 9,125, Or % per cent,
over the previous year. The total
assessment was $115, 4S1, S07 in 1911,
and $135,369314 in 1912, an increase
of $19,8S7,5 07 or 17.2 per cent, over
the preceding year.
The assessment of telegraph and
sleeping car companies was fixed
at $1,701,161 this year, being slight
increase over 1911