The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1919-03-18


March Gin such year.
A taxpayer who has been enabled to
borrow money at five per cent Ga lesser
rate than the legal rate), by reason of
the fact that such a loan to him is OK
empt from taxation when properly ev
idenced, has had the benefit of the ex-
emption accorded by the money loaned |
law. Now he can not have the benefit |
of the offset feature of the law No
offset can be claimed or allowed unless |
based on an Indebtedness bearing six
per cent interest.
Bond for deed-Under q bond for |
deed the real estate should be set in the |
grand list to the seller who as be- |
tween himself and the town is heholden
fer the taxes; but as between him and
the purchaser the duty of payment
rests on the purchaser. If the seller
has to pay the taxes to protect his Ii
tie he may charge the amount so paid
to the purchaser AS between the sell
err and the purchaser of land the pur-
chaser is liable for the taxes assessed
on the premises after the purchase ev-
en- if there be no provision on that sub
ject in the contract. Angel VS. Bashaw.
50 Vt. 253. The property set in the
list to the seller, the town looks to
him for the taxes and he looks to the
purchaser and can compel the purchas.
er to pay them. / have been asked sew
eral times whether q man is entitled
to claim an offset because of the debt
evidenced by a bond for deed and |
have said that he could if the debt
bore interest at six per cent. Such a
debt is a credit and if it is written at
o rate of. interest not to exceed five
per cent it is exempt under the money
| loaned law. If it bears interest at
rate in excess of five per cent it is
taxable.
Bonds and notes held in trust
| Sections 714-717 of the general laws
relate to the taxation of bonds and
notes held in trust under order of court
and YOU will note that such bonds and
notes as so held are to be taxed at the
rate of seven-tenths of one per cent
of their appraised value. The tax is
| to he paid TO the treasurer of the town
where the person out of whose estate
the trust was created last resided or
in the ease of nonresident to the
treasurer of the town where the trustee
resides or has his principal place of
business. 4 trustee who holds such
property must within ten days after
the first day of April furnish you with
an inventory in which he sets out the
bonds and notes as well as the other
personal property held by him in trust
and fer failure to furnish such inven-
tory such trustee shall be fined not
more than two hundred dollars Hav-
ing received the inventory YOU are to
appralse the property at its true value
in money and your appraisal is not tc
be included in the total grand list.
Standing timber-If you VIII ex-
anime Section us of the general laws
YOU viii find that it provides that
standing timber that has been sold
and conveyed without the land on
which it stands, shall. unless other
wise provided, be annually taxed anC
set in the list TO the owner thereof OF
the first day of April, and there shall
not be deduction from the Appraisal
of such standing timl ct on account o.
debts owing. The listers shall make ;
separate appraisal of the land OF
which such timber stands and shall
set it in the list to the owner thereof.
Standing timber that has been sold an,
conveyed without the land is 20 b,
taxed and set in the list TO the owner
1t is 10 be set in the list, not as rea
estate, bat as personal property an,
there shall be no deduction, no offset
as against such personal property OF
account of debts owing. You will find
If You examine the eth Vt. LOO, ant
the s9th VT. 2Ol-2l0, that our SUI
preme court has fatty held that tn
| e 4 sM
timber) to 10 removed within speci
fed time, works in law q severance o
the trees from the real estate. and con
Vcrts the trees into personal property
Who have to make inyentories-Per
sons taxable emily for real estate ant
male persons taxable only upon thei
: polls are not required to file al. inven
tory unless you notify them so TO do il
writing. But every other person. tina
IS to say, persons who own real es
tate and personal property. must pro
cure blank inventory, make full ans
wer to all heterogeneous thereof, sub
scribe said inventory and affidavit
make oath thereto. and deliver or for
, ward the same to the listers or to
E lister of the town in which such per
! sen owns or possesses property whic
! under the law should be set to him o
F her, on or before the twentieth Gay O
: April. Right here let me say that thi
= law applies to women who own proI
erty exactly the same as it does to me
O who own property. If q woman own
\ real estate and nothing lut real e:
: tate she need not make an inventor,
q but if she owns taxable personal pro-
+ erty it is her duty as it is the duty {
: every man owning taxable person;
= property TO procure and return an il
4 ventory as provided by law.
h Female poll tax paycls-By the pr,
V visions of house bin No. !, which W;
n signed Ivy Governor Clement March
p last, all female inhabitants of this stat
It citizens and aliens, over twenty-one an
,e under seventy years of age who desil
l. 10 qualify themselves as voters in tow
1t nceting, must file on or before App
J. 90, 1919, with the listers a writ,
IF request that said listers shall set II
n poll of such female inhabitant in Il
n grand list of the town wherein she L