The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-07-16
REALTORS SAY
TAX LAWS HURT
Also Pass Resolution Asking
Gov, Roberts to Change
Legal Rate Interest.
TALKS ON ASSESSMENT
claim That Present Assess
ment Law Will Hurt
Property Sales.

me tax laws Of the state came IN for
iohg discussion at the afternoon SEES.
W" " oi tne state Realtors association,
| W.. n, Mynders leading the discussion
Ihat the present assessments are not
| neariy Just right and that no man has
the ability to sit in courthouse and
| pass Judgment on the value OF a piece
,n,, vi propeitY was the opinion of those
VINO expressed themselves.
The outcome of the discussion WINS
decision on the part of the real estata
nneh 10 relieve the situation bS educat
ihs tne people OF the state. A change
Ihe constitution regarding the
nethoa OF taxation is the need, and the
suresv way to get the Legislators to ac-
eoinpllsh this is to eduacte the neonle
70 want the constitution amendment
siilce sce the legislators will dos their sum
po[ters wish, was the view taken,
str',I,t, ses0latIoh was unanimously passed In
set up pamphlets driving home the
needed changes. In this manner relief
Is looked for within a comparatiyey
short period.
Vote Second Meeting.
because OF the unusual amount of
iegisiatlon advocated by the state as
ISOLATION and the great number of i'm
poItanI matters at present on hand II I
was unanimously voted to have A sec
oIid id meeting OF the association in the
ran. The real estate men win be sun
lect 70 the call Of the president The
invitation extended by Mr.. Dooley TO |
come to Knoxville was accepted. Al the
iall meeting President Taylor, of the in |
..Ip1natl9nal ..pii,t organization, and Secretary ,
BOD ihgersoll will be the chief speak, !
ers. The association before adjourning I
aiso indorsed the resolution adopted at
NE recent international convention 10
me erect that property will not be sold
realor. ~ "'
In speaking OF the present taxation
situation, Mr.. Mynders declared that the
basis OF assessment should be on income
and not on values, for of what use is n
piece OF property If 1t cannot be made
productive or. Is productive. He took
as an example two houses. one built
several years ago under low prices and
the new house which cost twice as
much. II the laws are enforced more
vigorously than they have been for the
past year the real estate men might as
wei so out of business, The burdens
hold property. W
Should Not Be Political.
II was the opinion of the real estate ,
men that the job of tax assessor should
be taken clear out of politics and no
man should be eligible for this impor-
laht ONCE who has not had five or more ,
years experience and is thoroughly IA ,
~ nlliar WIN the trust property values. /
hr. Mynders expressed himself in favor :
he year around studving cnmditions l
md fixing properly velIIes This hod,
would take the place of tax assessnys !
md board Of equalization The nnhIic g
houd demand good men 70 bandio
heir financial affajrs nen 1h U ""l,u's ,is
'andle them efficiently ana tbus any
own the tax rate once n fair "a sh val.
Iation is reached.
Some interesting fao.s ro,,,,ioo .o,. /
lion were brought out. 1t was declared =
nat the four more nopulous counties !
7 the state In the mast have Y,aid "a d Il {
er cent. of the taxes. while the balance e
as paid the remaining g8 Ia ner cent n
Seek New Interest law. y
The resolution drawn by the speciaIlv q
projnted committees ,,aiIino ~, 60 | o
.oberts to include bill for a new con. II
ract rate in his call for a sneciaI ses- "
Ion of the legislature was unanjmo,sJv
dopted, The secretary was instructed q
, wire the resolution to the rovernor D