The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1919-03-28
ASSESSORS MEET TO
DISCUSS TAX Law
PROPERTY MUST BE TURNED IN AT FULL VAII1E
AND ASSESSORS OFFICE WILL PROVIDE
PERCENTAGE THAT is TO BE USED
IN DIFFERENT CLASSES

1he assessors OF Philips, Sheridan
and Valley counties met last week in
Assessor Gamas' office for the pur-
pose of discussing the new tax law.
Assessor Hill of Sheridan county
had been in Helena receiving instruc-
tons governing the new law and was
sent here as special representative
OF the tax commission to instruct the
other assessors as to the procedure
to be taken in arriving at the assess
ment levy of property.
All properties are to be turned in
at full cash value and the assessor
will segregate and place them in what
ever class they belong, reducing them
according to the class they come un-
der The assessors office is trying
to use the same basis of taxation this
year that was used last year.
The new law will reduce Vallev
county's valuation nearly 40 per cent
twhat it was last year.
All properties, after being received
by the assessors office will be classi-
fled as follows:
Glass One. The annual net pro-
ceeds of all mines and mining claims.
after deducting only the expenses spe-
Gifted and allowed by Section 1865 of
the Revised Codes of Montana: 100
per cent of its true and full value,
Class Two. All household goods.
furniture, including clocks, musical in
struments, sewing machines, wearing
apparel of members of the family and
all personal property actually used by
the owner for personal and domestic
purposes or for the furnishing or
equipment of the family residence:
all agricultural and other tools. inn
plements and machinery, gas and 9TH
er engines and boilers, threshing ma
chimes and outfits used Herewith. au-
tomobiles, motor trucks and other
power-driven cars, vehicles of all
kinds, boats and all water craft, har-
ness, saddlery and robes: 20 per cent
OF its true and full value.
Glass Three Live stock, poultry
and all agricultural products; stocks
OF merchandise of all sorts; together
with furniture and fixtures used there
with: 33 1-3 per cent of it's true and
full value.
Glass Four. All land, town and
city lots, with Improvements, man
ufacturing and mining machinery, fix
lures and supplies, except as other
wise provided by the constitution of
Montana: 80 per cent of it's true and
full value.
Glass Five. All moneys and cred
Its, secured or unsecured, including all
state, county, school district and 9TH
ar municipal bonds, warrants and Sc
eurities without any deduction or off
set; provided, however, that the terms
moneys and credits as herein used
shall not embrace the moneyed capital
employed in the banking business by
my corporation, association or indi-
'idual in this state: z per cent of
is true and full value.
Glass Six. The shares of stock of
lational banking associations, and the
capital employed in conduct
ng banking business by any other
anking corporation, association or in
lvidual in this state. Such moneyed
apital to be ascertained by deduct
1g from the moneys and credits of
uch banking corporation, association
r individual, the amount of the de-
osits and any Indebtedness represent
lg money borrowed for use in said
uslness, and the value of the shares
any national banking association to
ascertained by deducting the value
all real estate of such association:
} per cent of its true and full value.
Glass Seven. All property not in
uded in the six preceding classes:
per cent of its true and full value.
It too early to say just what offices