The Harrison times., 1912-06-15

now bout to enter as a member of
me ats i"
Section 65. If any person shall be-
Gin any new business Of any kind in
I any district or town in the county after
the first day Of February, and before
the first day Of October, it shall be the
duty of the assessor to assess such new
business in the same manner as he
would have done had such business
been in existence at assessing time. II
such new business shall have been as
sessed by the assessor before the first
day of July it shall be included in the
regular assessment rolls submitted as
hereinafter provided by the assessor to
the board of supervisors Of assessments.
If such assessment be made between
the first day of July and the first day
Of September, 1t shall be submitted TO
the board of supervisors of assessments
to be passed upon by 1t along with the
other assessments of the county Prop
erty in any way overlooked by the as
SCISSOR, or omitted from the assessment
at the regular assessing time, hall be
assessed in the same manner as is prop
erty put into a new business. No per
son shall be compelled to pay taxes
twice on the same property for the same
year. Money invested in a new business
after February first and included in
the regular assessment Of the person
owning II on February first, shall not
be included in the assessment of q new
business begun after assessing time,
Section Sc. The assessor shall, on or
before the first day of July make out
I'm tabular form in a book prepared for
the purpose, statements Of the names
OF the persons, firms, companies and
corporations whose lists he has taken
and whose personal property he has as
Sessed showing the political township
or ward residence and also the post
Office address Of each Names shall be
arranged in alphabetical order and by
school districts, There shall be listed
In each school district all the personal
property taxable therein. In cases
where towns and school districts are
not coterminous and the school district
includes territory not included in the
town there shall be two statements ar
ranged in alphabetical order with respect
TO the names of the taxpayers, one Of
which shall include the names of the
taxpayers residing in the town and the
other of which shall include the names
of the taxpayers residing without the
town but In the school district, The
assessors books shall also contain
columns with appropriate headings in
which to enter opposite the names Of
the taxpayers the value Of the several
classes Of personal property required
by law to be listed Each list taken
by the assessor shall be entered upon
the books separately and the assessor
shall enter opposite each name in the
proper column, the value Of each Of the
several classes Of property listed There
shall also be q column In which TO en-
ter the total Of all property listed by
the taxpayers and the assessor shall
enter the proper amount In said columns,
Said books shall also contain a column
I'm which TO enter the valuation as
eduali2ed by the board OF supervisors
of assessments; likewise column in
which the county clerk shall extend the
valuation as equalged by the Arkan-
sas Tax Commission Said books shall
be filed with the county clerk by Sep
tember first,
Section G7 The real and personal
tax books and all the lists and returns
to be made by the taxpayers as provided
by this Act shall be turned over by the
assessor TO tho board Of supervisors Of
assessments when the board meets on
July 1st They shall remain I'm the
custody OF the board until September
list, when they shall be by II filed with
the county clerk In whose custody they
shall thereafter remain,
Section 6S, The clerk or the county
court Of each county shall on or be-
fore tho first day OF February Of each
year make and deliver 20 the assessor
of each county, an abstract containing
A description OF each tr0Cl OF land
situated In his county with the name
OF the owner II known, and the number
Of acres or quantity OF land contained
therein, as the same shall appear upon
tho books Of his Office and he shall com.
monco the same In the lowest number
I'm township and range In his county,
and In the northeast corner. in each
township and shall proceed numerically
In all the sections, townships ana ranges
I'm bis county first setting down Nll
the subdivisions OF each section az they
belong TO different individuals, or tho
whole section together If owned by one
person and not divided on account Of
parcels being Of different values,
section Co. The 0ffdavits required
by this Act 20 be made by the assessor
(Rcction ~ and by the members OF the
bOnrd Of supervisors Of assessments
(soctlon GD shall b0 entered IN fun on
the assessors books prescribed by sec
tons GO and GS hereof,
Section 7O The session OF the board
OF supervisors Of assessments beginning
tho first day Of july shall be for the
purpose Of completing and oqualalng
the assessments of the county II shall
be the boards duty TO examine care.
fully In detail the assessments or real
and personal property Na made by the
aeseHa0r Members OF tho board snail
examine and compare the returns of 0ez
sessmcnt Of property OF the several
towns ana districts and equallzo the
same 10 tho end that ouch tract or lot
Of real property ana each article or
personal property NhNll he uNNrNNcl ut
ita true and fun value IN money In
performing ita duties In completing and
equali2ng tho assessments OF the county
tho board shall proceed under tho fol'
lowing ruleR'
f. II shall raise tho valuation OF each
tract or lot OF real property which, IN
| lts opinion, M assessed below ita true
and fun value In money 90 such sum ~
II believes 20 be the true and fun value
thereof
g. II shall reduce the valuation Of
ehch tract or lot which, IN ita opinion,
ls assessed above It's true and fun value
In money 60 such sum OH II believes 10
be lta true ana fun value,
o. II shall raise tho valuation or
| each item OF personal property which,
IN lts opinion Ii assessed below ilH true
ana fun value In money 20 such sum
as Il believes Ga be the true ana full
value thereof, ana Il shall raise the hs5
kreghtp valuation OF all the personal
property Of each individual, firm or cor
porHtlon, whom II believes that such az.
Hrcgutc valuation ia below the trlu ana
run value or the personal property bee
longing 10 such individual firm or
corporation 60 such sum nH II believes
60 be The true aud run valuation thereoI!
A. II shall reduce the valuation or
each item Of personal property which,
IN itH opinion is assessed above iiH true
ana run value ~ such sum HH II bee
llovoH 10 be the true Hnd full value
thorpOf II shall reduce the aggregate
valuation of the personal property or
any individual firm or corporation 20
such sum 40 IN its opinion 10 the true