Sharp County record., 1912-05-31

now ABOUT TO enter as u LiCiii' &c
the board of supervisors OF asSeS@
ments." /,
Section 65, If any person shall pc pc
gin any new business of any kind III
any district or town in the county aiter
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 ne
would have done had such business
| been in existence at assessing time IL
such new business shall have been as
| SesSed by the assessor before the llIst
| day of July it shall be included in the
| regular assessment rolls submitted as
| hereinafter provided by the assessor 10
! the board of supervisors of assessments
| If such assessment be made between
| the first day of July and the first DAY
| of September. it shall be submitted 10
| the board of supervisors of assessments
| to be passed upon by it along with the
| other assessments of the county, Prop
| crty in any way overlooked by the as
| SCISSOR, or omitted from the assessment
at the regular assessing time, shall De
| 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 new business
after February first and included in
the regular assessment of the person
owning it on February first shall not
be included in the assessment of a new
business begun after assessing time,
Section sc. The assessor shall, on or
before the first day of July make out
in tabular form in q 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
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
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
shall enter opposite each name in the
proper column, the value of each Of the
several classes of property listed There
shall also be a 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
in which to enter the valuation as
equalized by the board Of supervisors
of assessments; likewise column in
which the county clerk shall extend the
valuation as equalized by the Arkan-
sas Tax Commission, Said books shall
be filed with the county clerk by Sep
tember first.
Section 67 The real and personal
textbooks 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 the board Of supervisors of
assessments when the board meets on
July 1st They shall remain in the
custody of the board until September
lst, when they shall be by 1t filed with
the county clerk in whose custody they
shall thereafter remain.
Section 6S The clerk OF the county
court Of each county shall on or be.
fore the first day of February of each
year make and deliver to the assessor
of each county, an abstract containing
description of each tract 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
the books OF his office, and he shall com
mence the same In the lowest number
In township and range in his county
and in the northeast corner In each
township and shall proceed numerically
in all the sections, townships and ranges
In his county, first setting down ali
the subdivisions of each section MS thoy
h.1A "a IL iN1i iIl a..
whole section together If owned by one
person and not divided on account of
parcels being of different values.
Section 60, The affidayts required
! by this Act to be made by the assessor
tsection ~ and by the members of the
| (scction CAD shall bc entered In full on
the assessors books prescribed by sec
tions G6 and GS hereof,
Section 20. The session OF the board
| OF supervisors OF assessments beginning
the first day OF July shall be FOR tho
| purpose of completing and cqualzing
the assessments Of the county II shall
| be the boards duty TO examine care.
| fully IN detail the assessments Of real
and personal property as made by the
assessor, Members Of the board shall
| examine ANA compare the returns of as
sessment OF property OF the several
| towns and districts and eQuulize the
same TO the end that each tract or lot
| or real property ana each article OF
! personal property shall be assessed at
| It's true and full value In money. In
performing itS duties in completing and
| equAlizing the assessments Of the county
the board shall proceed under the fol-
| lowing rulos'
t. It shall raise the valuation of each
| tract or lot OF real property which, In
| It's opinion, Is assessed below Its true
| ana run value IN money to such sum AZ
u believes TO be the truo and fun value
| thereof.
g. II shall reduce tho valuation of
| oHch tract or lot which, IN rs opinion.
| IL assessed above its true and fun value
| IN money TO such sum as II believes 10
bo its true and fun value,
D. II shall raise the valuation Of
! e0eh Item of personal property which,
IN tA opinion, IL assessed below ils true
! ana run value In money, to such sum
! hA IT believes TO be the true and full
value thereof, ana It shall raise the ag-
greshte valuation of all the personal
| property OF each Individual, firm or cor
! porntion, when II believes that such ng.
| gfcgHto valuation ls below the true and
| iull value OF the personal property be-
| longing TO such individual firm or
! corporation TO such sum As II believes
| TO DO the true and full valuation thereof,
" It shall reduce the valuation of
| ehtl Item of personal property which,
IN " opinion, In assessed above Iia true
| ana run value TO such sum ug Il be.
| liovos to be the true ANA run value
| thereof, II shall reduce the aggregate
| valuation OF the personal property of
| any individual, firm or corporation to