The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1919-11-13
BIG INCREASE IN
WEALTH Of STATE
GAIN OF OVER 100000 DUR
ING YEAR 1918, SAYS TAX
COMMISSION.
10000 MORE AUTOS LISTED
nuRoES DECREASE 1900 IN
LEAK; $4,000 MORE CATTLE;
oo0,U0U lIJnA ho0@.

] A gain ofsnearly $10o,0OO,0o0 in the
s..5r4e and 1ull NaiUe~ CT personal
\ properly in minnesota IN one year
was reported late yesterday by the
/ minnesota tax commission.
The full value of the states per
sonal progeny Is placed at 50 7,oos,-
038. In 1918 it was $881, 391, 286.
In 1916 the figures were $715,608,-
/ 799, SO the gain since that date is SOL
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 .snd
almost 100000 more hogs.
There are 10000 more automobiles.
| The average "full value" of an
automobile has increased $22, and is
now $442.59.
In accordance with the provisions
of the classified assessment law,
property is not assessed for taxation
purposes at it's true and full value,
/ but 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 AIS,
OPP, 452, compared to an assessed
value of $31S,268,86 returned to the
commission by the county board Of
equalization. The increases made By
the commission aggregate $10,753,-
583.
'.Class 1, assessed at so per cent
of the true and full value, incl.des
mined iron ore in stockpile and the
assessed value of this class as return
ed by the county boards was $2,912,-
477," the commissions report sud.
"This was increased to $6,827,41S by
the tax commission. The true and
full value as equalized is $13,654 1893.
Property in Class 2 is assessed at
25 per cent of the true and full value
and includes all household goods and
personal wearing apparel. The county
boards reported $27,060,635 under
this class and the tax commission in
creases brought tn etotal to $27,47s,-
$50 assessed value, or $1O9,9O6,756
true and full value.
"Class 8 includes the great bulk OF
personal property, such as livestock,
farm tools and implements, automo-
biles, wagons and carriages, whole
sale and retail merchandise, manufac-
turers' goods and materials and
machinery not assessed as real estate.
Property of this character is assessed
at one-third of full value. The assess
ment returned by county boards
amounted to $228,6SO,815; the COM
mission increased this to $234, 563, 1913.
The full value as equalized is $703,
689, 5O4.
"In class a is such property as
shares of bank stock, elevators OF
warehouses on railway lands, and the
poles, posts, wires, rails, conduits and
other similar personal property own
ed by street railway, electric light.
property is assessed at 40 per cent
gas. heat and powerscompanies. Such
Of true value The total for this class
as returned by county boards was
$59,614,942; the tax commission
figures are $50, 155, 176. The full
value as equalized is $150,3s7 $40.
1.-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
S29,527,846 The 1919 figures show q
decrease in both number and assess
ment This year the assessors found
934,971 horses on May 1; the assessed /
valuation is $27, 1862, 625.
"(t tile on the other hand, show an
increase. This year the number list
ed is 1889 ,655, compared to 2,814, 013
in 1918; the assessed value has in
creased from SGT ,631 ,602 to $41,246,-
226. The average for each animal
was $13.37 assessed value and $4O.11
full value in 1918 as compared to
$14.52 assessed value and $43.56 full
value this year.
Hogs also show very substantial
gain. In 1918 there were 1,479, LAB.
This year the census shows 1,712549
hogs; the assessed value is 1891 ,082.
The average full value is $16.44.
"There were 347,774 sheep listed in
1918 and the assessed value was o.
291,75S. This year 422 514 were listed
and the assessed value jumped to
$1588, 299.
The farm machinery assessment
this year is 1912, ADJ compared to
$7,9O5 ,076 in 1913; grain and grass
seed in the hands of producers has
increased from $211,,693 to $4,34a,-
225, the report shows.
Increase in goods and merchandise
Of wholesalers is from $1,000, ITO in
1913 to s21,911,477 in 1919. The
goods and merchandise Of retail mer-
chants were assessed at $25.599 .9S1 |
in 1913: this junnped to SGT 202 COG in
1919. Shares Of bank stock increased +
from $32. 591, 697 to $S5 ,942 ,995.
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