Semi-weekly herald., 1913-09-11
State Now Overtaxed.

the end of the present biennial per-
iod.
State Now Overtaxed.
This, regardless of the fact that the
state already is overtaxed to support
holders of offices and positions under
the state government, and that Den
yer does not and has not for years
received its just proportion of inter
county utilities and common carrier
taxes.
Proponents of the full cash valua-
ton plan have declared from the first
that much property which heretofore
has escaped taxation would be placed
on the assessment rolls because of the
full cash valuation plan.
1t is stated that Assessor Pitcher
has placed bare 100000 worth of
such property on the rolls. On a
basis of tax levy proportionate with
the full cash valuation this property
would mean an additional income to
the city of $6,711 this year.
According to estimates S10,O00,000
to $12,000,00o of such heretofore un-
assessed property has been located in
the state and placed under full cash
valuation, but the taxes from it will
offset but small per cent of the is
per cent increase allowed by the
statutes.
Increases Figured.
Next year an additional 5 per cent
of state revenues may be-under the
law it is mandatory-raised from tax
alton. That would mean a total of
more than 90 per cent increase in
the two years, since the per cent
increase on the 1914 assessment rolls
would be computed from the 1918
rolls, already increased by 15 per
cent over 1912
Would Pay One-Third.
Should the tax commission win it's
threatened contest with Pitcher and
add over $100,000,00 to Denver's as
sessed valuation, this city then would
be paying one-third of the states
taxes, with the prospect that it would
continue to pay at least that proper
tion for years to come, until the state
is more thickly settled and much of
the land now held in the public do
main is released to settlers and is ad
ded to the wealth of the state.
With six counties to hear from, the
tax commission yesterday practical
ly completed the abstract of assess
mel returns from various counties
of the state.
Actual returns to date show val
uation of 1,Os6, isl ,957, which is ex-
pected to be raised to $1,130,342, ,1O1,
If the six counties to be heard from
equal three times their assessments
of year ago.
BY figuring Denver $4Ol sos, 5,12O-
three times this county's assessment
OF year ago-and by computing all
other counties of the state on full
cash valuation according to their 80.
30 or 40 per cent valuations of wear
ago, the tax commission arrived at
the imposed total valuation of ST.
266,9sO,597, or $1S0,OOO,OOO more than
the actual returns to date.
Variations Shown.
Adams county, supposed to have
been assessed at one-third valuation
year ago, should now show returns
of only s19.907,s11, but the certifi-
cation of the county assessor shows
s22,755,765.
on the same proposition Baca coun- |
ty drops off 100000, Bent shows n
gain of 100000, Boulder shows n |
gain of 100000; Chaffee shows n
gain of ss5O,OOO; Conejos drops off
$2,3OO,O0O; Costilla, because of its
being divided to from Alamosa conn
ty, falls off s4,2OO,OOO; Delta drops
II 100000; Eagle is 100000 less than
the computation shows it should be:
III Paso gains s1,2OO,OOO; Fremont
drops 100000; Garfield gains ss-
100000; Gilpin drops $4,000. 900; |
Gunnlson gains s1,004,OOO; jefferson
gains $2,9OO,oOO; Lake drops off 49,
100000; Mesa gains s3,7oo. 900.
Pueblo is $23,700,00O less than the
computation; Teller is $4,000 900 be-
low the estimate, and Weld is ST.
100000 below the estimate.
Other counties show slight gains or
losses on the estimates by the tax
'ommission.-Denver Republican.