Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1915-01-21
THE STATES TAXATION SYSTEM

1eau has boiled down the taxation and
revenue systems of all the States. II
has made a digest of the constitutions
end statutory provisions relation to
taxation in the different States in 1912.
Of the North Carolina system the
bureau says: North Carolina draws
itc revenue from various sources In
addition to the general property tax
there is an elaborate system of priv
iIege or license taxes, for both State
and county, also State inheritance
and income axes. On corporations
there is a franchise tax, graduated &C
ccrding to capital stock. Railroad.
telegraph, telephone, express and in
surance companies also pay special
taxes on gross receipts, but in some
cases where the assets Of the company
gre invested in the State and taxable
there, these are reduced"
Cities of State.
The report on North Carolina cities
tie Constitutional provisions, and
names the offices that are concerned
with taxation.
every person owning property is
'reQuired to make out, sign, and del1v-
er to the assistant assessor a statement,
verified by oath, of all real and per-
sonaI property in his possession on h
first day of May. Real property is
listed on the township in which said
property is situated. In listing miner
aL, quarry, or timber interests the own
er shall describe the same in his list,
| together with the separate value OF
each separate tract of land in or on
which the same shall be situated. An
owner of separate timber interests
shall list the same whether the timber
be attached or detached from the soil
Cali taxable polls and personal pro-
perty located therein shall be listed In
the township in which the person so
charged resides on the first day or
May. Goods and chattels situated in a
township, town, or city other thai that
In. which the owner resides are assess
ed in the township, town or city where
such property is located.
Cali property is required to be as
sessed as. it's true value in none
which is held and deemed to be what
the property would bring at cash sale.1
rerty is usually sold.
"The assessment of real property
is in force for four years except when
improvements or d~eteriorations to the
value of 500 have been made. Penal
ty for every 800 withheld from the
assessor"
Regarding Taxes.
: The report says:
Taxes are due on the first Monday
in October in each year and are col
lected by the sheriff of the county who
rcay levy on personally after Novem-
ber-1. Taxes are a lien on real pro-
perty assessed after June 1. Taxes
due the State from corporations as
sessed by the State Board of Corpora
ticn Commissioners are to be paid by
the secretary of the company direct to
The State Treasurer. Companies fail
ing to pay the tax are liable to suit and
to a penalty of so per cent to be in
cluded in the judgment.
'fOn each made between 81 and so
years of age, except the poor and and
Infirm, there is levied a poll tax OF
S1.35, the proceeds to be devoted to
education and to the support of the
poor" /,
Inheritance Tax.
he CGASuS SIdICL4OAI NOALAhuO0s
Both real and personal property,
passing by will or descent or transfer
made in contemplation of DEATH. where
the decedent was a resident of the pro-
perty was located in the State, except
to the husband or wife of the deceased.
or for religious, charitable, or educa-
tional purposes, is subject to an in
heritance tax as follows: Where the
share of real or personal property is
over 5 $1,000, all in excess of 5 $4,000
shall be taxed-(a) lineal issue or an
eestor, brother or sister or adopted
child, Is cents per 500; OBJ descend.
ant of brother or sister, 81 so per 800; L
(c) brother or sister of father or
mother, or descendant thereof, So per
800; Cd brother or sister of grand
or grandmother or descendant
thereof. 81 per 800; other collaterals
and strangers where the share is in ex-
cess of $4,000 and up to S 5000, SIS per
500; in excess of So, 1000 and up to
SO, 900, $3.50 per 500; in excess OF
SIC, 900 and up to $25, 900, $40 per 500;
In excess of $25, 1000 and up to $4,000.
$3.50 per 500: ove $50, 1000, SIS per
500. If the tax i snot paid at the end
of two years, 6 per cent per annum
shall be charged until paid.
"This tax is payable to the State
through the clerks of the
county courts and is for the benefit of
the State"
County Revenues.
County and municipal are
discussed.s
Special provision is made by North
Carolina for schools. The Census Bu-
reau says:
"The property and poll taxes levied
by the State specifically for school
are paid by the sheriff to the
treasurer of the county within which
they are collected. The income of the
permanent school fund and $125 900