The Springdale news., 1912-09-06
BRIEF SYNOPSIS OF ALL
 PROPOSED CONSTITUTIONAL AMENDMENTS AND NEW LAWS
ACT No. r. TUKNEK-JACORSO BILL. Submitted by Refer
 endum Petition.

The Turner-Jaeobson bill provides that all property be assessed with reference to it's value February in order to give the assessor and Board of Equalization ample time to make the assessment of the county and thereby secure the assessment of all property Assessor allowed from February l 10 July l 10 make assessment; Board of Equalization from July to September to re ceive and revise it
 Intangible values, such as fran chises of public utility corporations, would be assessed.
 The Tax Commission would assess the property Of municipal utility cor porations. such as electric, gas, heat ing, water and street=ear companies, now assessed by the focal assessor.
 Timber Oh or minerals under land and giving 1t special value would be taken into consideration i'll valuing the land.
 Every person owning, property, real or personal, would have 10 appear either in person or hy agent before the assessor and assess the proper ty.
 A board to review the work Of the assessor would Ike appointed every two years. one by the county judge and two the governor. The board would sit for SIX weeks If necessary as Board Of Eqnaliza- tion and have power to force the at tendance of witnesses before 1t and secure all evidence necessary with reference 10 the value Of any proper ty. After the work of equalization was completed the board, with the coun4y judge as member and as chairman. would sit for two weeks eff necessary to hear objections to any changes that may have been made in the assessment of any per son Appeal might be taken 10 the Circuit Court from the decisions of the board, or if the party wished he could. instead of appealing to the Circuit Court, appeal to the Tax Commission.
 Tax Commission would sit as Board of Equalization from Septem- Der to October f5.
 Where the Tax Commission had made horizontal raise of all of a class of property in county, dis trict or town it would have power to reduce the assessment Of any indiY- idual whose property had been by sucn horizontal raise placed at a point above it's true proportionate value Commission would not have power on it's own initiative to raise individual assessments.
 Property would be assessed at full value and under the sliding scale provided as valuations increased to- ward full value the rates of taxa tion would be proportionately reduc- ed The property of the state in 1911 was assessed al $426, 900 900. The total state rate provided by the old law l6A millsl would aply un- til an assessment of $450, ,000, ,o00 was reached. As the assessment of the state rose above $450, ,000, 1000 the rates would decrease proportionately It Is estimated that $450, ,000. GOO is about one-third the full value of the property of the state With all the property of the state assessed at full value, the assessment would be 1850, 100000 The total rate would then, under the bill be one-third what 1t is now, or 2A mills. Local rates, except district school rates. would be reduced in practically the same proportion as the state rates. The electors of the several school districts could vote the constitution al maximum of mills if they wish ed
 Cities could raise by taxation each year not more than the amount rais- ed the year before and 10 per cent in addition If city raised $50,0OO this year 1t would be limited next year to levy that would yield not more than $55.0O0 The same rule would aply to levying of taxes for county purposes.
 The date for holding school cleo tions would be postponed from the hA