The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1919-11-14
WEALTH GAINED
PROPERTY is
PUT AT 1917, 1899, o3s
W MACS; MORE CARS
An Increase of Ten Thousand
Automobiles Over the
Year 1918

st. Paul, November TO- An in
crease of nearly 500. 900, 200 in the
true and full value" of personal
property in Minnesota in one year
was reported By the Minnesota tax
commission. -
The full value of the states per-
sonal property is placed at s9?7,S39,-
o3S. In 1918 it was $SS1,397, 2Ss.
In 1916 the figures were SIZE. $685.
7s9,. so the gain since that date is
S6.7 per cent.
Among other facts shown by the
board are these:
! There are $4,000 fewer horses
in the state than in 1918.
There are $4,000 more cattle
and almost 100000 more hogs.
There are 10000 more automo-
biles.
The average full value" of an
automobiles has increased s22, .
and is now SAP SO.
Not Assessed at Full Value.
In accordance with the provisions
VI Nv SidSSiiltu dSctsSiiciil BoNr
property is lot assessed for taxation
purposes at. its true and full value,
hut at certain percentages thereof.
depending upon the class to which
the law assigns it. .
The assessed value for 1919, as
equalized by the commission, is
S32S,022 ,452, compared to IN assess
ed value of 1918, 1855 500 returned to
the commission by the county board
OF equalization The increases made
by the commission aggregate S10,-
! 1858. ..
Glass. 1. assessed al 80 per cen of
the true and full value, includes
mined iron ore in stockpile and the
! assessed value of this class as re-
turned by the county boards was ST.
BRAT" the commissions report
said. This was increased to S6.S27,-
419 by the tax commission. The true
and full value as, equalized is s13.654.
S3S.
aProperty In, Class 2 is assessed at
/ 20 per cent of the true and full value
and includes all household goods and
personal wearing apparel. The coun-
ity board reported s27,060.635 under
this class and the Tax commission
increases brought the total TO $27,-
47S,6S9 assessed value, or S109 $685.
$50 true and full value.
Class 8 Assessed Third.
Class 3 includes the great bulk of
personal property, such as livestock,
farm tools and Implements, automo-
biles, wagons and carriages, whole
sale and retail merchandise, manu-
facturers' goods and materials and
machinery not assessed as real es-
tate. Property of this character is
assessed at one-third of full value.
The assessment returned by coun-
ty boards amounted to s22S, 6SO.S15;
the commission increased this to
1924, sea, 168. The full value as equal
lied is s703, 6S9, 504.
"In class 4 is such property as
shares of bank stock elevators or
warehouses on railway lands, and the
poles, posts, wires, rails. conduits and
other similar personal property owned
by street railway, electric light, gas,
heat and power companies. Such
property is assessed at 40 per cent
of true value. The total for this class
as returned by county boards, was
$50. 614,9 42 the tax commission fig
ures are $50, 155.176. The full value
as equalized is $150,3S7. $40.
Dobbin Decreased in Value.
The records show that in 1918
there were 949,572 horses of all ages
! listed by assessors in Minnesota and
the assessed value was equaliZed at
! S29, 527, S46. The 1919 figures show a
decrease in bIh number and assess
ment. This year the assessors found
934, 971 horses IN May /; the assess
ed valuation is $27, S62,625.
Cattle, on the other hand, show an
increase. This. year the number list
ed is 2,839,655, compared to 2.814,013
in 1918; the assessed value has in
creased from s37, 631, 500 to S41,246,-
226. The average for each animal
was $13.37 assessed value and S40.11
full value in 1913 as compared to
s14. SO assessed value and $a3 Sc full
value this year.
"Hogs also show a very substantial
gain. In 1918 there were 1,479,14S.
I This year the census shows 1,i12,549
| hogs the assessed value is s9,391,0S2.
The average full value is $16.44.
There were 347,77 sheep listed
In 1918 and the assessed value was
81, 9 1853. This year 422,514 were
listed and the assessed value jumped
to $I,5SS,299
Farm Machinery Is Increased.
The farm machinery assessment
this year is $9.412;431 compared to
S7,9O5,O76 in 1918; gain and grass
seed in the hands of producers has
increased from $2,116,193 to- S4,349,-
225. the report shows.
Increase in goods and merchandise
of wholesalers is from $1s.O42.71O in
1918 to $~21,911,477 in 1913. The goods
and merchandise of retail merchants
were assessed at SIS, 599,9s1 in 1918;
! this jumped to $27, 202. SOC in 1919.
Shares of bank stock increased from
s32, 591, 697 to $35, 942, 1896.