Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-09-21
FULLBR|GHT PLANS
REASSESSMENT Of
PROPERTY VALUES
Tax Commissioner viii Urge
> Next Legislature to Adopt
North Carolina System of
Financing State

Remarkable results obtained by the
state of North Carolina by means
of complete reyaluation of all real
est-te and personal property, as we'll
as property of public utilities, will
be used by Henry J. Fullbright, state
Flax commissioner of Georgia, as an
argument in favor of the passage by
the next legislature of a bill provid-
ing for similar reYaluation in this
state.
In 1919 the aggregate value of all
the property on the tax books of the
state of North Carolina, including
real estate, personal property and
public utilities-was $1,099, 120,3SO.
This was slightly less than the ag-
gregate value of all similar property
on the tax books of Georgia at the
present time. 1t was not enough to
provide the revenue needed by the
institutions of North Carolina. The
legislature accordingly in 1919 pass
ed bill providing for a revaluat ton
throughout the state.
Tax assessors were appointed in
every country. Their work was SUI
pervised by board of examiners in
every congressional district. The
whole revaluation was reviewed by a
state tax commission sitting in Raj
eigh, the capital of the state. The
work has recently been completed
and the figures are published in a
most Interesting report issued by
the state tax commission.
From an aggregate value one year
ago of $1.099, 120,380. as shown above,
the property on the tax books of
North Carolina was brought up to
a value of 1928, 423,234. In other
words, the assessors appointed->to
act for the state increased the va1u-
tax commission, in its report of the
work, lays particular emphasis upon
the fact that the new valuations will
afford a revenue adequate to the
needs of North Carolina institutions.
The state, in other words, can meet
the growing needs of it's people along
all lines. -.
Two States Compared
TAX Commissioner Fullbright has
prepared the following comparisons
OF area, population and tax values
IN North Carolina and Georgia, using
North Carolina revaluation:
Georgia has an area of 58,725
square miles, as against North Caro-
lina's area of 48.740 square miles.
OF 2.609,19 as against North Caro-
lina's population in 1910 of BIGGEST.
Georgia in 1920 had a population
OF Z,S93, COL, as against population
In North Carolina which has not
yet been announced, but which in
I'll PiOOetUlIIly Will NDo considerably
smaller than the popula ton of Geor-
gia
Georgia in 1920 has an assessed
valuation of city and country real
estate amounting to $640,0O0, 900, as
against North Cardinals similar val
uation in the present year of s1,981,-
563,494. H. -
Georgia in 1920 has an assessed
valuation of public utility corpora
tions amounting to $165, 1893, 453. as
against an assessed valuation of
similar property in North Carolina
amounting to $250,5S7,15S.
Georgia has a total mileage of rail-
road track amounting to 1924, as
against a total mileage of 6,194 in
North Carolina.
Georgia in 1920 has total assessed
valuation of all property for taxa
tion-including real estate, personal
property, railroads, street car COM
panies, electric light and power com
panies. gas companies, ETC., Of $780,
100000, as against a total assessed
valuation of all similar property in
North Carolina amounting to $3,129,-
1923, 234.
Georgia Needs Revenue
In other words, the state of North
Carolina, though smaller in area,
population and miles Of railroad
track, has a total assessed property
valuation on it's tax books nearly
three times as great as the state of
Georgia.