The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-03-16

kec, \. IL IN horeny made the duty /
Of the state tax commission to ascer-
tain whether any property subject to
taxation In any county has been omit |
ted from the assessment roll. in whole
or In part. or has been listed thereon
by incorrect or inadequate description,
and In any such cas the said TAX COM
mieslon shalt certify the fact OF such
omission or incorrect or inadequate
description 20 the county aBseasor, to-
Reiher with a correct and adequate de-
scriptlon Of such property. real or per-
sonal. tho number. quantity. amount
or acreage thereof and the name and
post Office address Of the owner. n
known. The assessor shall forthwith
place the same upon the assessment
roll In accordance with such certih-
cate and at the actual value OF such
property. Any person aggrieved by
such acton shall have the right " APP
peal and hearing as In other cases Of
assessments.
The tax commission In hereby en-
powered to In like manner direct and
cause OF the county assessor 20 cor
rect any Illegal assessment appearing
on the tax roll Of n county.
Any assessor, or county commission
or. who shall fail or refuse TO comply
with any of the provisions OF this act
shail be deemed guilty Of n INSIDE
ean and upon conviction thereof
shall he punished by n fine Of not less
than one hundred dollars nor more
than FIVE hundred dollars for each Of
Tense.
Sec. Q. The state tax commission
shall prescribe the forms for the as-
sessment rolls and books for use In tho
several counties by the county asses
snrs. and for tax schedules, statements
and returns. and such other hooks.
forms, statements, reports. maps n
plats as ;he commission shall deter
mine or deem necessary for the use OF
assessors. taxpayers or the commits
sion. n shall cause the same to be
printed. prepared and distributed as
the commission may determine. or as
shall be provided by law. Provided
that contracts for printing and pre-
pairing the same be let TO the lowest
responsible bidders after advertising
for bid In the usual
So. 10. II shall he the duty OF tho
county assessor Of each county to pre-
pare or cause TO be prepared. In trip
licate. the assessment roll for his
county, In accordance with the form
n directions prescribed by the state
tax commission. one copy thereof 10
be forwarded To h state tax commits
lon so that the same shall he re-
ceived by the commission not later
than the third Monday In July OF each
year. one o y to be Delivered to the
county treasurer as prescribed By law
and one copy To- be retained In the Of
flee OF the assessor.
Sec. II. At least thirty days before
each scssio.. of the legislature the tax
commission shall prepare INT submit
to the governor n printed report rom
tanning n detailed summary OF its pro-
~cccdings for the previous two years,
together with it, recommendation for
changes la the laws governing the tau
alton system OF the state. which report
shall he nv the governor Transmitted to
the legislature.
Sec. ~. The maximum rate Of tax
to DE levied for all state purposes and
uses. including the educational, penal
and charitable institutions shall not
exceed three mills on the dollar Of the
assessed valuation of all property sub
iect To- taxation in the state. The max
imum rate Of tax To- he levied FOR all
county purposes and uses excepting
special school tax %levies. special lev
les on specified classes Of property,
shall not exceed five mills on the dol
lar The maximum rate Of tax IN be
levied FOR city. town or village pur-
poses or uses, shall not exceed three
mills on the dollar.
Zach of the tax lcvies provided by
law Ia force at the time this act takes
effect. except said special levics, shall
be- and hereby Is proportlonately re-
duccd, SO that the aggregate amount
Of such tax levics shall not exceed the
maximum rates respectively specified
In this section. Each of the stid spec
les on specific classes Of property.
shall not exceed one-third of the max
imum rate authorized by said laws.
Special school tax levies may he
made In accordance with law not cx-
Cecding 1--WE mills on the dollar. All
tangible property shall he assessed and
X upon It's actual value.
The foregoing limitations shall not
apply to levies for payment of the pub
lie debt or Interest thereon
Sec. 10. No county or Incorporated
city. town or village. shall ever become
Indebted To an amount In the aggro-
gate including existing Indebtedness
exceeding one and Ia per centum
on the actual value OF the taxable
property within such county. city.
town or village. ns shown by the latest
preceding assessment roll. and all
bonds and obligations issued or con-
tracted in excess of such amount. after
the time this act shall go into effect.
shall hc void but such limitations shall
not apply To- Indebtedness for the CON
supplying water or "a sewer system for
supplying water Of "a sewer system for
such city, town or village.
See a. An exemption from taxa
lion la the sum of Two Hundred Dol
lns shall he llowcd me deducted BY
the asSs~-or for cacl head of the fam
ily. whether the exemption II claimed
or not, In accordance with the prOVi-
SionS Of the constitution. Widows haN-
lug children shall he recognized a.
heads of families for the purposes OF
this act.
All aCts M part~ of acts In conflict
With this act ARE hereby repeated.
Sec. i5 That Il Is necessary for the
Preservation ~ the public peace.
La.NNN- ~ -. - - a. %