The Greenville journal. [volume] (Greenville, Ohio) 1850-1918, 1916-03-30
STATE INSTRUCTS
OHIO TAX PAYERS
TAX COMMISSIONERS ISSUE IN.
PoRTANT INFORMATION ON
TAXABLE PROPERTY.
PROPERTIES THAT ARE EXEMPT
Moneys, Credits, investments in Bonds
and Investments in Stocks
Listed at True Value.

western Newspaper Union News Service
The Tax Commission of Ohio has
just circulated, through the county
auditors of the state, an enlightening
pamphlet, to taxpayers, giving general
instructions as to the listing and valu-
ing of personal property.
In it personal property is defined as
that which has a value in itself, and in
cludes every form of chattel property,
such as moneys, credits, investments
in bonds, stocks or otherwise, and it
directs that these shall be listed for
taxation at the true value thereof in
money.
The exemption from taxation and
filing of complaints by owners on
cases of over-valuations are also set
forth
Exempt From Taxation.
The following personal propeIty and
investments in stocks and bonds are
exempt from taxation in Ohio:
Each individual is entitled to an ex-
smption of $10O in personal property.
Executors and administrators of
estates, Incorporated or unincorporat-
ed companies, firms and partnerships,
are not entitled to this exemption
Trustees, guardians, agents, ETC., who
act as the legal representatives of
others, and persons owning property
in common are entitled to the exemp-
tion. Only one exemption may be al
lowed in the same family unless differ
ent members thereof own and list sep
arate property. Shares Of stock of
Ohio corporations are exempt from
taxation. Sharles of stock of foreign
corporations, all of whose property is
taxed in Ohio, and shares of stock of
foreign corporations, two-thirds OF
whose property is taxed in Ohio and
the remainder in some other state or
states, if such corporations pay state
franchise tax of 800 of one per cent
on their entire authorized capital
stock, are exempt from taxation. Out
or of any city, village, hamlet, county
township or school district of the state
issued prior to January 1, 1913, and
outstanding on that date, are exempt
from taxation. All such bonds issued
after that date are taxable. United
States bonds are exempt from taxa
tion. Taxable property can not be con
Verted into United States bonds anc
thereby escape taxation. If moneys
credits or other effects have been in
vested in bonds of the United States
within the year, the amount so invest
ed should nevertheless be returned fol
the proportionate time the same was
held before such investment to illus
trate: If $4,000 returned for taxation
in 1915 was held months and theI
invested in United States bonds, thu
return for 1916 should be for One-hal
Of the amount or for $4,000.
Listing of Property.
All property except that of bank
and public utilities is to be listed as o
the day preceding the second Monda.
of April. Property in possession o
control of a person, as parent, guar
dian, trustee, executor, administrator
receiver, accounting officer, factor o
agent, must be listed separately in tn
name of such parent guardian, etc
in each instance giving the name O
the estate or person for whom he
acting. The property of wife is SCI
arate and apart from that of her hus
band and should be so listed. Fac
person listing property is required t
take and subscribe an oath that tn
statement which he makes is true. Th
assessor is required to actually admir-
lister the oath in every case, and PEI
sons claiming to have no property i
excess of $100 are required to take an
subscribe an oath to that effec
Where persons refuse to list or lis
ing, refuse to be sworn, the assesso
must return the property himself 6
IT'S True value anu lhuiCotO III WV -
turn the refusal to list or refusal
be sworn The county auditor is the
required to add so per cent to tn
value so returned by the assessor. An
new building or structure constructe
or begun since listing day last yea
and all such buildings or structure
which were in process of constructio
last year and were not assessed
their full value in money, must be r
ported to the assessor.
HUNTERS FAVORED BY CoUR-