Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1913-04-18
HENRY EXPLAINS
new Law
CHAIRMAN OF THE TAX COMMITS.
SION HERE SATURDAY.
met With ASSESSORS
ALL PROPERTY MUST GO into LIST
AT FULL CASH VALUATlON"LEVY
REMAINS THE SAME.

Chairman O. NJ. Henry of the state
tax commission WAS in Hot Springs the
latter part of last week and spent
day at the court house will the asses
sors and otner county Officials explain
ing the new tax law wh,ah WAS passed
by the last legislature w:,ch causes the
basis for the taxes to 6e levied On the
full valuation instead OF one-third as
heretofore.
This change however will not cause
the taxes to be any higher than in the
past but will give the board All oppor.
tunity to arrive at All honest assess
ment. The law as explained by Char
man Henry provides tina. only so much
money shall be collected -s is necessary
to run the government and applies to
both the state, the county and the city.
The Jaw regarding the levy remains
the same
The names of those present at the
meeting were: f. l.. Uummel, Hot
Springs; Lieu Fleming. Oral; Clarence
Erwin, Ardmore; j. P. Eisentraut,
Odel!; z. L. johnson, Ardmoro; N, G.
Graves, Plain; @. D. johnson, Provo;
Doris Trent, Smitbwick: Commission
ers James Clark and Hugh Hnughton,
Auditor David Batchelor and Mayor A..
w. Riordan.
For the benefit of the assessors who
were unable to be present and for the
taxpayers of the couuty We give below
the substance of the new law. Under
it the assessed valuation CT This county
will be in the nejghborhood OF six mil
lion. FIVE hundred Thousand dollars
LAND ASSESSMENT
l. Assess all land at its true and
full value in money. The term "true
and full value" means the usual cash
selling price at the time OF the assess
ment. Do not adopt a DIFF srent stan
dard of value
The assessor must value each tract
of land by itself, and at ench sum or
price as he believes the same to be fair
ly worth in money.
9 In assessing any tract or lot of
real property, the value of the land, ex-
elusive of improvements, shall be de
terminsd; also the value Of al improve
ments, and structures thereon, and the
aggregate value of tie property includ.
ing all structure and other improve.
ments, excluding the value of crops
growing upon cultivated lands.
In valuing any real property upon
which there is coal or other mine, or
stone or other quarry, would sell at a
fair voluntary sale for cash
PERSONAL PROPERTY
l. Assess all personal property at
it's true and full value in money.
just rs the law provides; the only basis
of valuation is true and full value in
money!" not one third, or any other
per cent of vsluatiop,-not what it
would sell for at auction, or forced
sale,-or in the aggregate with all of
the property in the assessors district.
Assess each article by itself and at
such sum or price as the assessor be.
lieves the same to be fairly worth in
money.
2. Get all property on the list. Do
not assess four articles rs three arti-
cles, and so on.
MONEYS AND CREDITS
The Tax Commission approves and
adopts the instructions furnished IS.
SCISSORS by Hon. II. B. Anderson, State
Auditor, for proceeding years, as fol.
lows:
"We wish to impress upon assessors
and boards of county commissioners
the necessity of not only getting an
eqitable assessment, but also full as
sessment.
We especially wish to call your atten
tion to the following schedules:
Moneys and Credits, stocks and
Sharas, Agricultural implements, Ma
chinery, Elevators and Warehouses
and contents, saloon fixtures, goods
and merchandise, household furniture,
watches, diamonds and jawelry, gold
and silver plate and mining machinery.
These items according t. returns, do
not carry their jnst propo. tion IT taxa
tion, and the assessors sre requested
to pay closer attention t" these classes
OF property. When the assessor is not
able to discover any such property and
the ownership, he must not fail to re-