Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1919-12-10
STATE VALUATION
FIGURES HIGHER
Assessed Valuation of Personal Proper.
ty was $3lS,993, O57 For
This Year.

A1eaSh NAiACoOId AdHlly Is dppIOAl-
mately 500 richer this year than last
if gains in wealth represented by per:
sOnal property, money and credits have
been distributed equally. Figures made
public by the Minnesota Tax Commits
sion recently indicate total gains in
the two classes of property mentioned
of nearly $50OOO,000. If this were dis
tributed among Minnesotas 100000
population it would give each man,
woman and child 500 more than last
year or gain of $500 for the average
family Of five.
It is in money and credits that the
largest gains in wealth have been made
during the last year, according to the
tax commission figures. Government
securities which have been purchased
freely are believed to make up the
largest share Of this increased thereby
the large gain in the number Of persons
who reported taxable money and
credits, the figures jumping from 9S, sol
in 1918 to 100000 in 1919, or an adj
vance Of about II per cent. This is be-
lieved to represent largely persons who
have bought government bonds out Of
their salaries and thus saved money
which otherwise would have been spent.
The figures demonstrate that Mime
sofas wealth is mounting rapidly
despite the high cost Of living, the so
called unrest, reconstruction and other
abnormal conditions. Ii. 5. s.,E.
The total assessed valuation of all
personal property in Minnesota subject
to the general property. tax on May 1,
1919, as returned by county boards of
equalization, was $31S. 993, O57. In
1913 the assessment Of personal pro
perty as finally equalized by the Mime
sofa Tax Commission was $780,, 785,284,
and the gain in one year was $21 ,207,
777S or II per cent. .s-
These figures were announced .Satur-
day by the Minnesota Tax Commission,
which Is now sitting as a state board
|ofs ualfza ton. When the commission
(compl its work, the 1919 totals will
be substantially increased:
saI ng1919 money and credits returned
BY county boards Of equalization as sub
7 jectS the three. mill tax on this class
property aggregated 1851, S35.530 as
compared to $3.50, SOC, 219, as finally
equalized in 1913. The increase was
81, 535, 311 or S.3 per cent. w. !.
+ Nine of the Sc counties showed
smaller money and credits returned in
1918 than in 1910 as follows: Beltrami,
Benton. Brown, Cass, Grow = Wing,
Isanti, Koochiching, Lake and Pine. =:
In Sc scattered taxing districts in "a
counties where the return ofs,this class
lof property was considered inexcusably
low, the tax commissioner has ordered
re-assessments and when these are com.
pleted the total for the state will show
a still larger increase.
Only seven counties showed decreases
in personal property assessments as
compared to 1918 They are: Carlton
Crow Wing, Douglas. Itasca, Lake, St
Louis and Todd. The Carlton county
loss was ,$732,577 due almost entirely
to the destructive forest fire Of a year
ago, and the decreases in Grow Wing
st. Louis and Itasca are due almost
entirely to the smaller amount of mined
iron ore in stockpile on May l, 1919, as
compared to May 1, 1918.