Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1913-03-28

AE@&MM8A
urday morning from Boise, where
be bad been in attendance At = meet.
ing OF the assessors of the state.
Every county in the state vas rc-
presented At the meeting and oAFe-
ful consideration was given TO the
new revenue law. The provisions
Of the measure were fully explained
by the different members Of tho
commission, which was appointed a
year ago by Governor HAwley.
In order that ; complete aud
equitable assessment Of the property
Of the state may be had this year,
the state board Of equalization hAs
addressed = letter 20 the boards Of
county commissioners Of the state
strongly urging that they allow the
assessors ample assistance during
tho next three months 10 carry on
the work.
Il would be impossible 10 give
anything like complete synopsis Of
the new Law ln the columns of tho
Examiner, but below 10 given q few
Of the most important provisions:
Section = provides that I'll real
and personal property subject TO
assessment and taxAtion mast be-
assessed 81 ice full cash value for
taxation for state, county, city,
town, village, school district and
other purposes.
BY the term value, cash vasae or
full cash value 10 meant the value
81 which Ihe property woald b.
taken IN payment of > iusl debt
from a solvent debtor, or tho amount
the properly would soil for at )
voluntary sale made In tho ordinary
course Of business, taking Into CON
sheraton iss earning power when
put 70 she same uses 20 which pro-
peFty similarly situated IL applied.
The provisions regarding the ~
sessment OF migratory stock are as
follows:
"All migratory live stock shall ~
subject 10 assessment aud taxation
for the same pear In each oI lhe
counties In which II IL ksps. driven
or paetured, or suffered % range or
grace. or In which II does range Or
Craze. In proportion 70 the portion
OF such year II 10 20 kept. driven Or
pastared, OF suffered 70 range or
Craze, or does range or graEs il
aaoh county, - provided IN this
Act.
migratory live stock shall b
assessed IL The eoansy ~ksrs The
same In firss listed In any pear In
the sans manner aud for the same
purposes - other personal property,
aBd the county where such migra-
tory live stock IL fret listed and
assessed 10 any year shall bs knovn
- its home county daring that
year"
"By The term migratory live.
stock IL meant such livestock ~ Il
kept, driven OF paatuTed, o. saaersd
70 range o. grace for periods of nos
less than ten days, IN more than OBS
county In this State daring tbs same
year.
Among the classes Of property
which are exempt from taxation aFs
the following:
80. Property belonging 70
fstheFless ehildren under the sgs ol
eighteen years. hOnoFAbly diasharg'
ed soldiers and sailors Who served
in the Array o. Navy Of the United
States during the War of the He
bellion, and widows, mos 20 excess
the amount Of One Thousand Dol
lars IN value 20 aay enc family
when the total valuation of he pre-
peTty Of saeh family doe nos szeee.
Five Thousand Dollars; Provided
That such property owneT o. own
sFs are residents Of shis Stats, an,
that sach exemption u elAimed i
tbe manner provided fos In the fol
lowing seetion.
&c. All private libraries 20 th
! amount Of foaF hundred dollars !
= valne when ths valas thereof dos
not exceed oas thousand dollar
Provided, That che Owusrs sASree
lase esssasass e thls ssaas. sad -