The weekly times-record. (Valley City, N.D.) 1912-1922, 1916-02-03
BASIS OF AssE ssMENT
FIXED BY COMMITTEE
CONTINUED from Page II

Continued from Page IL
assessment. It was tiglred that the
assessment Of moneys and credits at
5 per cent Of it's actual value would
render that class Of property liable to
a tax Of about $4.2O per thousand dol
lars Of actual value.
Mr. Packard moved that this COM
mittee recommend the assessment Of
moneys and credits be at the rate Of
per cent of the actual value.
Instructions to the assessors was
next taken up. JOrgenson stated that
it was not the wish of the state board
Of equalization, or himself, to comph-
cate the instructing Of the assessors
by getting out separate set of in
structions from that which would be
sent out by the tax commission. He
stated that while the law seemed to
give him some authority along this
line, and the legislature had made it
the duty of the state board of equaliza-
ton to propose new schedule only
the general misunderstanding which
seemed to have arisen with regard to
the new schedule made it seem wise
for the secretary of the state board of
equalization to undertake such instruc-
lions which were agreeable to the
MI nf 70
the state auditor, and said that it. was
his opinion that the members of the
state board of equalization would be
very glad if the tax commission would
have undertaken the instructions COW
ering the schedule at the same time
instructions were sent out on the valu-
alton. Mr.. Packard said that on be-
half of the tax commission he could
state such a procedure would be en-
tirely satisfactory to that body. The
grouping of classifcations, and the
classifications were carefully gone
over, and the merits of the schedule
were discussed both from a legal and
practical point of view. Mr., Packard
expressed himself in favor OF list of
classifications as large as the new
schedule, and possibly further enlarg-
ed, if the county assessor system were
in use in this state, under the present
system it was his opinion the best
results would be obtained by the use
of the schedule carrying the fewest
possible necessary classifcations.
Jorgenson moved that this commit
tee recommend that the tax commits
sion include in their instructions to as
SCISSORS, instructions on the manner in
which property shall be listed under
each classification on the new sched-
ules. Further, that classifications APP
pearing as No. SO to No 80, both in
elusive, shall contain no other prop
erty than that which may be so clas-
sified because of its peculiar associa-
ton with that business, and all other
property owned and used in such bust
ness shall be separately listed and as
sessed under a proper classification
covering that special property. For
instance, the furniture of a hotel shall
be assessed under the classification
HOTEL" while if bus were operated
by hotel, the team would be listed
under the proper classification cover
ing Horses" and the wagon would be
assessed under Wagons and Car
riages." Seconded by Packard. Motion
carried, all voting aye.
A basis of assessment for elevators
was next taken up. Information on
the valuation of elevators had been
gathered by the tax commission and
Mr. Lotus as county commissioner
was quite well informed on the cost OF
the class Of property.
Mr.. LOTUS moved that the basis rec.
commended by this committee for the
assessment Of elevators be as follows:
CrlD elevators, $50 per Thousand
bushels Of capacity.
Concrete elevators, SIS per thousand
bushels Of capacity.
Seconded by Vaughan. Motion car
ried, all voting aye.
Exemptions were discussed but the
committee did not desire to make any
recommendations.
Chairman Burton suggested that Il
might be well II this committee recom-
mended to the state board Of equalisa-
tion the idea Of furnishing the county
auditor with an estimate Of what total
valuation would be required to be-
turned in by his particular county.
The chairman felt that in this way he.
hn