The central record. (Lancaster, Ky.) 18??-current, 1919-03-13
COUNTY BOARD
Of Supervisors Now In
Session. 100000
To Be Raised On
Land.

Garrard County's Board of Super
visors convened last Monday and are
now in session in the office of the
County Tax Commissioner
From the fact that the Tax Com
missioner had raised the value Of Gar
rard county land to nearly 100000
over the assessment of 1917, it was
thought that there would be no raise
by the State Tax Commission, but
such is not the case and the duties
before the Supervisors is plainly laid
down by that Commission and a raise
on land in Garrard county Of $1,000,-
900 is ordered and the value of town
lots must also be raised not less than
S25, 900.
The local board is consisted of the
following well known citizens rep
resenting the four magisterial dis
tricts of the county and all are men
that will do their duty conscientious
ly and equitably: W. s. Carrier, chair
man; Norman Grow, Walker Brad
| SHAW anu DuTndIn LtuIOTu.
The State Tax Commission states
specifically in a letter to Judge Stapp
what is expected of the local board,
which says:
"You will please lay this commune
cation before the County Board of
Supervisors at its meeting on the sec
ond Monday in March, or at such
time as it takes up the consideration
of the equalization of property in
your county. After due considera-
ton, and after the hearing on March
8, the State Tax Commission has con-
cluded to direct the Board specifically
as follows:
FIRST-It will increase the assess
ed value of lands from $S,26S, 494 to
$9,26s,4 94, or a total increase of not
less than 100000 The Board
will do this by placing upon the
assessment books all lands which have
been omitted, and by increasing the
assessed valuation of individual tax
payers whose assessments are less
than 85 per cent. of their actual
value. The Board should see that no
property is assessed at less than IS
per cent of its actual value for the
present year.
SECOND--It will increase the
assessed value of town lots from
S771 $40 to $796,340, or a total in
crease of not less than $4,000.
THlRD-The Board will see that
all tangible personal property, except
live stock, agricultural implements.
manufacturing machinery and raw
material on hand at the plant, is
assessed at not less than S5 per cent
of its actual value. Live stock, agri-
cultural implements, manufacturing
machinery and raw material on hand
at the plant should be assessed at 100
per cent of its value. The total Of
tangible personal property shall not
be less than S2,169,917.
FOURTH-The total increase shall
not be less than sl,025,000 on lands
and town lots. If necessary to equal
ize on the basis indicated, the Board
nay exceed an increase of 81, 025, 900.
FIFTH-Certain intangible schedu-
les have been returned to the Board,
and the Board should follow the dir
ections of the State Tax Commission
in relation thereto, and should see
that each person has the proper no.
tice. In addition, the Board should
seek diligently for intangible prop
erty which has not been assessed, and
should get it all on the assessors
books. Intangible property placed
on the books will not be considered
: as part of the above mentioned in
crease.
SlXTH--In assessing the shares of
bank stock of the banks in your
county, you should take the total of
the capital stock, surplus and undi-
vided profits on an IS per cent basis,
which amounts TO S372,222. From
this amount you should deduct the
assessed value Of the real estate listed
by the banks as of July /, 1918. We
note that your bank shares are assess
ed at S260,362. Please investigate
if the difference between S572,222
and S260. 1862 was listed by the banks
, in real estate. Any increase on this
assessment shall not be considered
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