The Barre daily times. (Barre, Vt.) 1897-1959, 1913-06-06
For 5 Per Cent. Mortgages
in Which There Was No
Transfer of Money
CIV, y JTHORITY
ARD TAKES ACTION
Reversing Action Of Assess
ors and Opposing Opinion.
of Attorney-Ge

OF Attorney-General
BY vote of eight to seven, the Barre
board Of civil authority last night grant
ed exemption from taxation, under the
new state law, to per cent. mortgages
in which there was no actual transfer
of money, thereby going contrariwise to
the action of the assessors, who had
set such mortgages in the list accord
ing to the opinion OF Attorney General
r. Z. Brown of Burlington. The asses
sors maintained that there must have
been an actual transfer of money, or
money loaned on real estate, in order to
secure the exemption.
| All told, there is about $4,000 valua-
| tion OF this sort in the city, according
to the assessors, in which no transfer of
money was made; and of which amount
about $1,000 was represented last night
by legal appeal and about 100000 by
personal appearance of owners who had
not made written appeal to the asses
sors and city clerk leaving less than
$4,000 on which the owners made no
protest.
Three other appeals on appraisals of
the assessors were made, and each was
dismissed, while no action was taken or
the two appearances protesting against
taxation of five per cent. mortgages in
which there had been no money trans
fer.
The action in sustaining the legal
for five per cent, mortgage eA-
emption was taken after long discussion,
in which the board, the assessors, and
City Attorney f. L. Scott entered, the
last named appearing to support the
assessors who stated that they had ex
empted all five per cent. mortgages ON
Vermont real estate loans. in which it
was stated that money was piad. 1t
was brought up by Attorney A. A. Sar-
gent, who appeared for one of the ap-
pellants and who also is member Of
the board OF civil authority, that the
very wording of the law in mentioning
bonds for deeds as evidence of loans eN-
empt indicated that the law did not in
tend there should be actual money trans
fer because money is not usually trans
ferred in bond for deed transactions.
The Sustained Appeals.
The four appeals sustained were made
by S. r. Emerson, II. o. Camp. S. d.
Allen and Mrs. Susan j. Jones. Mr..
Emerson's mortgage was $500 which he
took from his son when he sold house
TO the son, no money transfer being
made Mr. Allen had S6400 OF such
and, be ides. another five per
.ent. mortgage which had been exempt
ID by the assessors because money had
been transferred. Mr.. Camp had one
mortgage of Sl,447 and smaller one,
he former of which he had taken ON
which he originally had sold
% an intervening owner. Mrs. Jones
mortgages amounted to $500.
d. NJ. Miles was one of those whose
ase was similar to those granted but
le had not thought to enter written
ppeal, as he stated. His mortgages of
his nature amounted to $1,000 and al
yays had been at five per cent. A. L.
>oyes had failed to make written APP
zeal on taxation of 81 400 mortgage
eeause he thought his verbal appeal to
he assessors was sufficient. In both
hese cases, the board took no action,
referring not 10 prejudice the two cases
hould the taxes be paid under protest
nd request for rebate be made next fall.
lad they felt legal right to do so,
he board would have exempted the
lortgages in the two cases, but they
eclined to take any action because APP
cal had not been made legally
Three Appeals Dismissed
The appeal of +. n. Braley who pro-
,sted at the action of the assessors in
,cking $1,000 to his list of s60a5 be-
luse they thought he hadn't included
sv 4. N. Harvey of Montpelier ap-
Jared for Mr.. Braley and said that if
lie assessors had IA right TO tack on
1000 to mans list they could tack
81 100000 if they should happen TO
link a man was worth il.
II. Nelson and s. Hollister Jackson
,pealed on the sll appraisal on
eir new business building ON North
ain street. the assessors having set in
e land at $500 and the building at
800. The assessors stated the prop
ty was worth $4,000; and the appeal
as dismissed, no one appearing for the
'pellants.
James F. Higgins. himself member
the board of civil authority but who
sassociated himself from it when his
Sc was under consideration, thought
e appraisal of $3.50 on his new prop
ty and $50 on adjoining lots at Edge
,od was too high in comparison with
her property in that section although
rhaps not too high for the value of
e property itself. He thought the APP
aisal should compare with other prop
~ at Edgewood pending a new quad
anial appraisal. The appeal was dis
ssed.
The assessors stated that the Barre
r. had appealed 60 them on its ap-
aisal. but the clerk said no written,
al appeal had been made; and no one
peared in the case. Il was not taken
. The board adjourned sine die at 10
lock The meeting was attended by
teen members Of the board. one OF
, largest numbers ever attending. =.
Howland presided and City Clerk
Iekay was secretary.
l..