The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-02
VALUE ILLINOIS
PROPERTY over
FOUR BILLIONS
State Commission Fixes $4,2O1 SOL
456 as Worth on Land for
Tax Purpose.

Il The equaIized valuation of prop
serty in the state OF IIiinbis for the
year 1921 as compared with the
I. previous year is $4,z01 ,901, ASS. IL
was stated by the state tax commits
ision, the commission having just
/ finished its work of assessing the
capital stock of railroads and of
corporations other than railroads.
This amount is $33, n49, 974 less than
the ecualized valuation OF property
in 1920
! The decrease, according to for
Eina1 statement given out by the
state tax commission. is in person
kal property and farm lands. The
decrease in personal property, the
board says, is undoubtedly due to
the conversion of a proportion of
holdings into non-taxable securi-
+ ties.
The decrease in the value Of farm
lands, the board says, Is due to the
4 depression in the level prices of
I farm products, as compared with
1 1920 and previous years back to
4 1913 and 1914 before the war.
The assessments of the various
kinds of property, as compared with
1 1920 are as follows:
Personal property - S1,925, 49,
III, decrease of s15,487, 623.
Land-s1, 207, 940,S57, a decrease
of s54,074,061.
Town and city lots-S1, 697 ,414,-
375, an increase of ST, 625,S90
Steam 1896, 514,9 1856, an
| increase of $s,684,747.
Electric railroads-S22,1S 1872, Isl, an
increase of S1,133, 410.
Capital stock of railroads, includ
ing electric lines-$4,024,696, a de-
i crease of $166,S47.
Capital stock of corporations,
other GnSn ,3140, 120,
an increase of $9,334,510.
Commissions Statement.
The, state tax commissions state
/ nsenx iS rs follows:
"Thc appended figures represent
| the. totals of the assessed values of
the several items in the general
| classification of property in the
STATE st illinois subject to taxation
for the year 1921 as finally deter
mined by the state tax commission.
These figures are of assessed val
ues, ana are half of the full equal
lied values.
Personal property valuations
show a decrease of SIS, 4S7, 623. I'M
/ tloubtedly due to the conversion of
proportion of holdings into non
taxable securities.
Farm lands show a significant
Il decrease of 54,074,061 due to the
depression in the level of prices of
farm products as compared with
1920 and previous years back to
1918 and 1914 before the war.
Values of town and city lots
. show an appreciate increase of
$17, 625, $50 over 1920 due to the
= ascendency of urban population as
revealed by the United States CEN
sas roEoTts of 1920.
.sT'he valuation of the physical
properties of steam and. electric
railroads. in Illinois have been in
!. creased s9,S1S,157 by the commits
sion, while capital stocks of these
corporations have been slightly de-
creased to the extent of $166,S47
due in part to the increase in physi-
cal properties for which deductions
must be made in valuing capital
1.-THE capital stocks of corpora
lions (other than railroads. which
are assessed by the state tax COM
mission have been increased $9,334,-
SO. These valuations represent
the excess of intangible over tangi-
bic values held by public utilities
and service corporations of every
description.
1.-THE tax commission final figures
/ show decrease of S33, 049,974 in
valuations of all property in the
state which is more than accounted
for in the reductions of valuations
of farm lands.
"The commission feels that it has
arrived at a fairly equitable re-
suit and has dealt justly with all
taxable interests large and small"
j WATER METERS