The Ward County independent., 1922-11-02
Tax LeVleS

The tax levy for the general fund
this year shows a considerable de-
crease from that made year ago,
being 2.24 mills as against 2.28 mills
| last year. This does not Indicate the
total reduction in the tax levy, how
ever, as the total assessed valuation
was reduced, being 81 ,309 07S,716 as
against $685. 900 a year ago. The
/ tax levy for the general fund is ST.
932 1856 as against a levy last year Of
So, ,141 $40, a reduction of $209,504,
equal to SGT per cent. This decreased
levy was made in spite Of the fact
that the estimated collections from
special state taxes, fees and licenses
for the present year are $4,000 less
than the estimates for last year. The
general fund will therefore be expect
ed to get along with $764,0O0 less
than was considered necessary year
ago. The collections from the above
mentioned sources for last year were
1926, 900 less than the estimates, and
it is estimated that the income tax
collections this year will be $23O,O00
less than the actual collections a year
ago.
1t has, however, been necessary to
increase greatly the levy to pay inter-
est on bonds. A levy is necessary, not
only to pay interest on the mill and
elevator bonds, but also to pay inter-
est on the bank bonds and the farm
loan bonds. A number of those to
whom farm loans were made by the
Frazier administrat ton have failed to
pay the interest due, and it is there
fore necessary to levy a tax to pay
the interest on the bonds issued. Last
year the levy for interest was only
$137 800; this year it is $523,632.
The result is that the total tax levy
for this year is 3.64 mills against 3.3S
last year The to tai amount is $4,-
1856, ,C47 as against 54,657 ,64O a year
ago.
The economies of the Nestos ad-
ministration will really not be reflect
ed in the tax levy until next year. The
Board of Equalization is required by
law to make levy sufficient to meet
the appropriations made by the Legis
lature, and the appropriations made
by the 1921 Legislative Assembly
were 1876 per cent larger than those
made by the next preceding one,
which were the largest in the history
Of the state up to that time. At the
end Of the present biennial period,
however, the unexpended balances of
the appropriations will be reflected
in the cash on hand in the state treas
ury and will lower the levy for 1923.
The following figures show how the
1922 tax levy compares with that for
1921.
General Fund: 1921-Tax Levy in
Mills, 2.28; Amount in Dollars, 49,
141 $40. 1922-Tax Levy in Mills,
PA; Amount in Dollars, So, 2,932,336.
Real Estate Bond Interest: 1921
Tax Levy in Mills, 10; Amount in
Dollars, $137 800. 1922-Tax Levy in
Mills, Mi .2s; Amount in Dollars, $so1,-
Bank Bond Interest: 1921-Tax
Levy in Mills, none; Amount in Dol
lars, none. 1922-Tax Levy in Mills,
10; Amount in Dollars, $130,9O8
Mill & Elevator Bond Interest:
1921-Tax Levy in Mills, none;
Amount in Dollars, none. 1922-Tax
Levy in Mills, OF; Amount in Dollars,
$91 ,636. r =. ,
Soldiers Bonus Tax: 1921-Tax
Levy in Mills, 200; Amount in Dol
lars, $1,378,O0O. 1922 Tax Levy in
Mills, 100; Amount in Dollars, ST.
3OS,O78.
Totals: 1921-Tax Levy in Mills,
3.38; Amount in Dollars, $4,657, $40.
1922-Tax Levy in Mills, 1854;
Amount in Dollars, $4,765,047