The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1926-09-10
1925 TAX LEVY
ISLOWER THAN
THAT OF 1925
Rate Of 1855 Mills Announced
M Compared With APP
Mills Rate Last Year

North Dakota's state tax levy for
1926 has been set at the rate Of 3.SJ
mills and will raise $3,sl7,69 it was
announced today by State Tax Com
missioner T. II. II. Thoresen.
The 1926 levy was l.22 mills and
calculated to raise $4.2i5,6G2. The
total in each case includes levies
made for all state purposes, including
operation Of various departments and
sinking funds, bonds. interest. sol
diers' bonus and home builders def
lett. The 1926 levy IS $3c7.97! less
than last year.
Special Taxes Help
The general fund levy was fixed ut
ST ,yDS, 500, q decrease Of S39s,T33 as
compared with last year and the low
est for general state purposes since
1920. In 1925 the general fund levy
was decreased $i24,000. Substantial
increases in collections from the
state income tax, cigarette tax and
other special taxes and the collection
Of u considerable amount of general
property taxes which have been out
standing for years made the latest
levy reduction possible.
The levy because Of North Dakota
bank, mill and elevator and milling
bonds increased from $769,2SO to
$199, $50, q net boost Of $30,3l2. The
soldiers bonus levy and home build
ers' deficit are practically the same
as last year. slight increases being
caused by u slight boost in the total
valuation on which taxes are as
sessed.
The total to be collected in taxes
next year, when 1926 taxes are pay
able, will be divided as follows: Cen
cral fund general state expenses
Sl,998,S0O or 81 .95 cent: soldiers
bonus $999. 400 or 25.J7 per cent;
sinking fund, Bank Of North Dakota
and milling bonds $4l6,677 or lO.s3
per cent; interest on Bank Of North
Dakota and mill and elevator bonds
$780,, S43 or 9.95 per cent; home build
crs' association deficit $l9.?7O or Id
per cent.
Financial Condition Best in History
On July l, 1926, the state was in
the best financial condition in its his
tory, Il statement by Thorcsen said
The general fund had "A cash balance
Of $983,42775 and uncollected taxes
due in October totalcd S944,233. At
the same time last year the general
fund had IA cash balance Of S4O5. 1851
and unc0l!ccted taxes tOtaicd Sl,ll3,-
94j. ~ tUe opcUluS VI luC IiSNai
year 55.65 per cent of the 1925 taxes
had been collected, the highest per-
centage Of previous years tax col
lections up to July ] which has been
recorded since semiannual tax pay
ments began in the state.
Over ~ per cent Of the total tax
burden is borne by real estate and
!. as only half Of this becomes delin-
quent before October Is not more
than Ga per cent of the previous
years tax levy can be expected to
be collected before July |. even if al
taxes were paid before delinquency
Thorcscn said.
Real Estate Values Higher
Total assessed valuation of prop.
erty in the state for tax purposes il
fixed at ST 1872 ,533, 900.
This figure includes boost Of
$928,4l3 in real estate valuations
caused by the addition Of new struc-
lures and improvements. There was
no assessment or equalization Of real
estate this year except as to new
property. Public utility valuations
jumped $202,OO0 and personal prop
erty valuation dropped $705.O00.
The net assessed valuation, which
is Is per cent Of the total valuat ion
is 1898, 1000 and taxes will be paid
on that amount.