The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-02-02
Bolsheuk Mm1e1es Not Protested by o. S. Co11tge11ts
State Land Is Valued at
81, COS, z35, 700 byLouthan


sideration in connection with the above
totals. The above totals show the real
estate of Tennessee to have been i'm
1918 at S50S 9l6 500. The actual cash
value of the real estate as shown above,
based on proof taken by the Chief Tax
Statsticlan, is Sl66S, ,735,700. There Is
likely something over Sl00.000 000 in
real estate values yet to he added to
this total.
This consists Of very valuable coal
lands i'm a number OF East Tennessee
counties which have not been included
in the above valuation. hut which are
included in the above assessments. The
valuation of such property is very in
trlcate problem and we are now trying
TO work out a plan, with the assistance
of the chief mine inspector of the state
and his corps of assistants. that will en-
able MS TO adopt standard of values
for these coal lands which will he uni
form as far as il is humanity possible
TO make 1t so and Just to the county.
TO the state and TO the property holder.
viii Raise Total
This class OF property when tnally
valued will very materially in crease
the valuations as shown above In the
counties where this property is located.
There Is also some valued property in
smaller amounts scattered throughout
the various counties. These valuations
are Vet TO be added to the above total.
In addition to this, there is also some
large holdings and the complicated
form OF the property of some of the in
dustrial plants makes il necessary to
have expert appraisers for this class OF
property,
Polk Values Under Assessment
81 want to especially direct attention
to the valuations In Polk county which,
as listed above, is less than the 1918 as
sessment. This is due to the fact that
the property of the Tennessee Copper
company and the Tennessee Power
company is stil being valued and these
properties are not included in the above
total. The property belongs TO these
companies will very materially increase
tire valuation IN Polk county.
"The valuation of the gigantic plant
OF the Aluminium company Of America
at Muryville is not included I'm these
totals The valuation Of theis property
Is not yet completed,
1--WE have already discovered some
eight or ten which are underVaued.
but we have line on the situation and
the counties are being assessed nt nc
tual cash value. In several Of these
counties there will be considerable
Increase even over the proof taken by
the chief tax staoistican.
"In the valuation of the real estate
of Davidson county, the block from
Enion Street to Cedar street and from
Sixth avenue to the Capitol boulevard
and from the Capitol boulevard to Sew
enth avenue Is not included, as this
property will be taken over by the
st.s fnYt laA apii nt
memorial buildings. However, II is
mibject to taxation for 1920. and our
reason for not including the valuation
on 1t la that the Capitol commission
has appointed local committee of real
estate men to value this property for
the purpose of purchasing II and we
do not desire to tmbarrass or work ne
cross purposes with this committee Of
appraisers. | intend to certify the valu-
ations fixed by this committee TO the
tex assessor, In considering the totals
aaG ,asvid meolmty4sdt should also be
taken into consideration that the title
to the gigantic Old Hickory powder
plant Is vested in the federal govern
ment and is not of course subject to
taxation.
Total to BE SITS 100000
"Thc above described unvalucd prop
real estate in Tennessee being valued
at from S1775, 900. 0OO to 81 500. 600 GOO.
which will be something like an In
crease of 500. 600, 600 or more above the
valuation reflected above. In figuring
on the state rate under the sndlhE
scale, we must add to this all railroad
and public utility property throughout
Tennessee, which Is being assessed this
year nt actual cash value, ana we
should also add the estimate assess
mcnt on personal property.
Bla Personality Declarations
"Rcporcs already coming from vatl-
Gus tax assessors indicate very huge
increase of personal property. The
owners of personal property, realizing
that the tax rate viii he reduced under
This new assessment to point that
the tax will not be confiscatory on the
income of such property are bringing
their personal property to llght ana t'e
same is being put upon the tax BOOKS
at actual cash value. The intangible
property of corporations, consisting OF
their stock aud bond value nnd inc
value Of their surplus and undivided
profits above che value OF tehir tangible
property, is yet TO be added to these
totals.
Il feel sure that conservative ssu-
mate of the total assessment OF Ten
noasee for 1920 will be between 2,2VO'
600 600 and 81, 800, 600 900. making totm
state rate for all state purposes OF N
cents as against 70 cents FOR AL STATE
nuruogcs at present This 20 cents.
which viii he reduced to % cen(s, In
GLIDING the following lcvics.
Present rate for all 1atepurposoS 8 .35
Present school rate for school pur
poses .......ss..-+ttf.s -stts's. ~
ThIs t,v remains In the county and
does not 90 to the state treasury
at NashVllle.)
Present state highway tax N........ 10
Present university tax N.........,.... .05
Present rural school tax .......r..,. ,0o
Augreaatlng ........,.,......,,, 10
The aggregate Of these rates under
the new assessment, based on the
totals piVen above, as stated, VIII
be reduced to.....,........+... ,25
"Our daily mail iH Hooded with lot
ters from large taxpayers. larg" hnsi-
day that he took just little nip and
II made him wild.
Some Of tho liquor that has found
its way 10 tho police had sufficient
"hck" in II to cause the imbtbors 10
do all kinds of stunts, the authori-
ties stated.
patrolmcn HartnCss, Johnson md
Parish found n man asleep In his au-
tomoblle end when thoy began look
ing around they uncarthcd about four
3