The Prescott daily news., 1912-05-31

 | 3, A. 5, and 6 of this section, and | should it also find that the individual | assessments of such town district, or county are not capitalized and that by | such raise in the aggregate or Valua- tons such given per cent the assess ment of any individual taxpayer in the | town. district, or county, as the case may be, is increased to point where the same is above the true. full and proportionate value in money of the property of such taxpayer the commis- sion shall have the power and 1t IS hereby made its duty, after it has made such raise in valuation in the az | gregate. to reduce the assessment of each such individual taxpayer to point where it will not be above true. full and proportionate value In money | thereof.
 Section S6 Before taking any action with respect to the property of any county. district or town. as provided by paragraphs 2. 3. 4. 5. 6 and r. sectlon | S5 hereof. the commission shall cause a l written or printed notice to be serVed upon the county judge of the county wherein is lecated the property atIect- ed. Said notice shall be publlsnei m | some newspaper in said county If one Is published in the county; If not then | in a newspaper having circulation III said county, in at least two weekly issues before the date of said proposes | change. The notice shall give the date and place at which the commission Will sit and shall warn said county judge and all citizens of said county to appear at said time and place and show cause, | if any they can. why such change snail not be made or such assessment Tn, crea sed or reduced. and the result or said hearing. if any increase or de crease should be made shall be certlii- | ed to the county clerk of the county affected on or before the fifteenth day | of October.
 Section ST. If, while sitting as State board of equalization between | e 1s,A 4,1I natA Arkansas Tax Commission shall find in- eoualties or a want of uniformity De- tween the assessments in any county, | the commission may, in it's discretion either eoua1ize said assessments itself, as provided in section S5 of this Act, or it may call special session of the | board of supervisors of assessments or the county to sit both as a board of | equalization and a board of revision and appeals At such special session the board of supervisors of assessments may revise and review the assessments of the county and may raise and re- duce the assessments of individuals and corporations to the same extent and in | the same manner as it is by this Act authorized to do at the regular session
 At said special session the board shall have as full power to act with re- spect to the assessments of the county as it had at the regular session. At such special session. before the assess ment of any taxpayer shall be in-
 
 shall be given at least two days notice of such proposed increase. The tax payer may appear before the board sit ting as a board of revision and appeals and contest the proposed increase in his assessment in the same manner as he could at the regular session. Appeal may be taken from the decisions of the board of supervisors of assessments made at special sessions in the same manner and by the same parties as this Act provides for appeal to be taken from the decisions of the board made at it's regular session.
 Section SS. A record of the proceed inos of the Arkansas Tax Commi ssion effectng any changes in the assessed valuation of any property as revised by the commission sitting a board of equalization shall be kept by the secre- tary of the commission in a book pre- pared for that purpose. Said record shall specify the amounts to be deduct ed from or added to the valuation of the real and personal property of any person or corporation whose assess mert has been investigated by the com mission; also the per cent or amount or both added to or deducted from the valuation of real property of each of the several towns. districts and count ies and the per cent or amount or both added to or deducted from the several classes of personal property in each of
 Section S9. The secretary of the Arkansas Tax Commission shall prepare for each of the several counties where is situated property whose valuation has been changed by the commission sitting as board of equalization, copies of said record. and shall on or before the | fifteenth day of October of each year | certify out to each of the several coun- ty clerks so much of said record as af- fleets the property of the county of such clerk.
 The county clerk shall in the proper | column of the assessors personal book prescribed by section 66 of this Act | add to or deduct from the valuation of the property of any person or corpora | tion whose assessment has been | changed by the commission the amount of such increase reduction. as the case may be, so certified. He shall also | in the proper column of the book pre- scribed by section 77 hereof. add to or deduct from each tract of lot of land the required per cent or amount or both, on the valuation thereof as it stood after capitalized by the board of | supervisors of assessments. adding in each case any fractional sum of fifty cents or more and deducting in each case any fractional sum less than fifty | cents. so that no valuation of any sep arate tract or lot of land or personal assessment shall contain any fraction of a dollar; and shall in the proper book add to or deduct from the several classes of personal property in his coun- ty the required per cent or amount or both, on the valuation thereof as if stood after capitalized by the board of | supervisors of assessments. adding and deducting in manner aforesaid any frac- tional sum so that no valuation of any separate item of personal property shall contain fraction of dallar.
 Section 90. If any property be omit ed from the assessment of any year it shall be the duty of the assessor or the Arkansas Tax Commission. as the case may be- if such commission be discover ed before the collector closes his books TOT the year, to assess such omitted property; and the county clerk shall ex- tend the taxes against the same on the tax-books for the current year If any tax on any property liable to taxation