Pocahontas star herald., 1912-07-05

county, and that / will in all things
faithfully observe the law in the dis
charge of the duties upon which / am
now about to enter as a member of
the board of supervisors Of assess
ments"
Section G5 II any person shall be-
gin any new business of any kind in
any district or town in the county after
the first day Of February, and before
the first day Of October u 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. If
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.
III such assessment be made between
the first day of July and the first day
or September, it shall be submitted to
the board of supervisors Of assessments
TO be passed upon by ii 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, clall 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
diNNl udl lllSls anu lHcluueu III
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 &C. The assessor Shall, on or
before the first day of July make out
in 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 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 a 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
Section g. 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 the board of supervisors of
July 1st They shall remain in the
custody of the board until September
1st. 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
a description of each tract Of land
situated III MS county WIN the name
of the owner If 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 all
the subdivisions of each section as they
belong to different individuals or the
whole section together if owned by one
person and not divided on account of
parcels being of different values
Section 50. The affidavits required
by this Act to be made by the assessor
(section ~ and by the members of the
board of supervisors of assessments
(section 64) shall be entered in full on
the assessors books prescribed by sec
tions sc and 6S hereof
Section TO- The session Of the board
of supervisors of assessments beginning
the first day of July, shall be for the
purpose of completing and equalizing
the assessments of the county. 1t 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 and compare the returns of as
sessment Of property Of the several
towns and districts and equalize the
Suillt " the emu lIdl edtH lIdCl Ut lOl
of real property and each article of
personal property shall be assessed at
its true and full value in money. In
performing it's duties in completing and
equalizing the assessments of the county
the board shall proceed under the fol-
lowing rules:
l. 1t shall raise the valuation Of each
tract or lot of real property which, in
its opinion is assessed below it's true
and full value in money to such sum as
ii believes to be the true and full value
thereof.
2. 1t shall reduce the valuation of
each tract or lot which, in its opinion,
is assessed above it's true and full value
in money to such sum as ii believes to
be it's true and full value.
3. 1t shall raise the valuation of
each item of personal property which,
in its opinion, is assessed below its true
| and full values in money, to such sum
as it believes 10 be the true and full
value thereof and it shall raise the ag-
Eregate valuation of all the personal
property Of each individual, firm or cor
| poration, when it believes that such ag-
gregate valuation is below the true and
full value Of the personal property be-
longing to such individual, firm or
corporation to such sum as 1t believes
| to be the true and full valuation thereof.
4. II shall reduce the valuation of
each item Of personal property which,
in its opinion, is assessed above its true
and full value to such sum as il be-
lieves to be the true and full value
thereof It shall reduce the aggregate
! any individual, firm or corporation to
such sum as in its opinion is the true
and full value thereof
.. 1t shall place upon the taX-bOokS
| any omitted items of personal property
subject to taxation provided such items
! ~