The Birmingham age-herald., 1915-10-23

quired to again view. inspect value ant equalize the same during such four year: period unless a revaluation and equah zation shall be made by the order and di- iection of the state board of equaliza ton. in which event the valuation thus fixed shall be and remain the taxable value of said property until the nexi ouadrennial period of assessment or un- less there shall be a change in tho value of such real property. or the buildings structures. or the Improvements thereon caused either by the destruction of oi damage to said buildings. or by the erec- ton or construction of new buildings structures or improvements. or by the re- Eicval of minerals from said land, or bs cutting the timber therefrom, in which event the assessment shall be increased or reduced by the county board of equali. za ton to the extent only of the increase or reduction in the value of such req property by reason of the changes above named, provided that the county board os equalization shall not be required t view, inspect, value or equalize real prop. erty on which there has been no change or alteration of such real property ol
 improvements thereon as above described except at each quadrennial period of as sessment.
 Sec. 73. The county board of equaliza ton shall visit. inspect. examine. eQualize and value each piece and parcel of req property in the county, and after sucf inspection and examination thereof, shal cause to be recorded upon the land ano lot book 60 per cent of the reasonable cash value of such real property. In fix ing the value of real estate for taxa ton, the county board of equalization shall consider it's location, whether il town. city or country and whether il is vacant, lying idle or so occupied anc in use, and if occupied and in use, tht rent derived therefrom, it's proximity |, local advantages, it's quality of soil
 growth of timber. quarries, mines or mn
 erals. and the amount and character oi
 improvements thereon. Where land is as
 sessed as acreage. the valuation shal
 be fixed for each 40 acres. or fraction thereof, and when real estate has beer plated and divided into lots, it shall mol be thereafter assessed as acreage. Tn, opinion of the majority of said board shall givern in the valuation and equaliza tion of values of all property. The sait board may issue subpoenas to witnesses and may require the owner or occupant or person in possession of such property to give them any information in hi knowledge with regard to the value O. such real estate, the rents, income, ant profits therefrom, and said board ma. require the production for inspection O all fire insurance policies on the i'm provements for the current or preceding year. The said board shall also. as fai as practicable, view, inspect. value ant equalize all taxable property shown b tfe tax returns, and cause to be record ed thereon 60 per cent of the reason able cash value thereof. County board of equalization are hereby authorized ant empowered by and with the consent O
 tho state board of equalization, to em
 ploy such expert assistants as said coun ty board may deem necessary Tor tn proper valuation of the property of tn county. Such expert assistants so em as shall be agreed upon by the count board of equalization, with the concur renee of the state board, which compen sation shall be paid as hereinafter pro vided.
 | Sec. "A. The valuation fixed by the coun 1 ty board of equalization on the real prop 1 erty and improvements for the purpos of taxation. shall be transcribed by thu assessor from the land and lot book t | the assessment lists returned by the ta' 1 payers, and the county board of equali
 zation shall annually fix and equalize tn value of the personal property of eacl 1 taxpayer, as shown on the assessmen 1 lists and such valuation shall be entere, | thereon by the assessor. The values s l fixed by the county boards of equaliza l ton ard returned to the tax assesso shall be the taxable value of all prop erty so valued and equalized by them provided that in the event the value o l the real or personal property of any tax payer is increased by the board of equal | ization over the assessed value thereo ] for the preceding year, the taxpaye shall be furnished by mail or in perso with a statement showing separately tn valuation of his personal property an
 his real property and also that the boar
 will convene to hear objections to tn
 valuation and to correct errors on tn
 third Monday in June, which notice sha
 be given on or before the second Mon
 day in June; but the failure to receiv or to give such notice shall not affec l the assessment 'The expense of post I age incurred by the tax assessor in car
 rying out the provisions of this sectiol
 shall be paid in equal proportions by tn county and state upon certified statemen l thereof by such assessor filed with tn court of county commissioners ana Tn
 auditor of Alabama"
 | Sec. 70. It shall be the duty of the count
 beard of equalization to carefully exam
 inc and inspect all tax returns and as easements delivered to them by the coun ty tax assessor, and if they find that an 1 taxpayer has neglected to make return l or has omitted from his returns an I property that should be returned, 1t sha be their duty to make up return o l tIe proper blank with a description 0 I the property to be assessed, which prop erty they shall then proceed to valu and equalize in the same manner tha other property is valued and equalize | by them and to the value placed there on by the board shall be added penal ty of 10 per cent for the failure of tn
 owner of such property to properly re | turn the same.
 1 Sec. 76. When the county board of equal
 iza ton shall have completed its work 0
 valuing and equalizing all the propert
 subject to taxation in the county, an
 such valuation shall have been entere
 upon the land and lot book, and tran
 scribed to the assessment lists, whic
 shall not be later than the second Mon
 day ill May, 1916, and the second Mon
 day in May of each year thereafter, they or any two of them. shall certify ove | their signatures to the correctness Of tn
 tnx returns, showing the values nxeo D them, and the tax assessor shall hol 1 tsem in his office open to public inspec tion The tax assessor shall then giv
 notice by publication once week fo
 thu cc consecutive weeks in newspape l published in the county. if any be pub llshed in tho county, and If no newspape I is published in the county, by postin notices in at least three public place
 in each precinct of the county. that tn
 county board of equalization has returne
 it's report, and that the same is open t i.ispecton, and that said board will con
 vcne at the courthouse in the county O
 the third Monday in June to correc
 any errors in the assessments or valua tions, and it shall be the duty of tn board to see that such notice lis given. Sec, IT. It shall be the duty of the coun ty board of equalization iA each count
 to sit at the courthouse iR their respec