The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-05-06
LOWER VALUATIONS
WOULD CUT C|TY'S
LEVY rs PER CENT
Bismarck Property Taxes Would
be $26.035 Below Those
of Last Year

Bismarck's general tax levy this
year would be 1927 per cent less than
in 1891 under the proposed initiated
law for reducing the taxable valua-
ton of property from rs to so per
cent. figures compiled from records
of the state tax commissioner show.
The Capital City's taxable valua-
ton in 1881 was sS.247,457 and the
tax levy for general purposes 12.49
mills, or $103,011. The taxable valua-
ton on the SO per cent basis would
be $5.498.305. A maximum levy of IA
mills on this valuation would net $751;
976. or $26035 less than in last year.
Should the taxable valuation Of
property be reduced as proposed, a
majority of North Dakota munich
palities would find their general tax
levies from 20 to 40 per cent less than
in 1881.
The proposal to change the basis
Of valuation. sponsored by the North
Dakota Taxpayers association. will
be voted on at the June 20 primary
election.
10 Cities Not Affected
OF 107 North Dakota cities. 10 would
not be affected by a reduction in val
uation.
OF the SO municipalities affected.
nine would reduce their general levy
less than 10 per cent: IL cities would
reduce from 10 to 20 per cent; %
cities from 20 to 30 per cent, and 80
cities from 30 to 40 per cent.
In the 10 largest cities in the state,
all with population above 5000, re-
auctions of from 1875 per cent at Man.
dan to 1859 per cent at Devils Lake
would be necessary.
The aggregate legal rate in mills
for all city purposes, except payment
of debt obligations, is IA mills. The
figures on which the compilation,
showing the effect Of the proposed
law is based, show the 1881 aggregate
levies for all purposes, except for pay
ment of bonded debt obligations.
judgments. and deficiencies in spe-
cial improvement projects by general
taxation.
Based on Assumption
The proposed reduction in levy, as
COAAP1ACO 1lOlIl Vic VA COlAlllllSoAOll
records, is based on the assumption
that there would be no change in the
assessed valuation Of property in 1882
and that the taxable valuation would
be one-third less than last years tax
able value.
BY vote Of go per cent of the cleo
tors. cities may increase their levy
to 81 mills, but the list of city tax
levies shows only few had excess
levies for 1881.
The effect Of the proposed bill on
other cities would be as follows:
Fargo: Population. 28.6l9; taxable
valuation, $27,468,865: tax levy for
general purposes. 1l.20 mills and
1907, 651.29 in 1881: taxable valuation
on so per cent basis, $l8,3l2,578; max
imum levy possible on so per cent
basis, IA mill limit. $256.376. Neces-
Sary reduction in general levy under
1881 levy, ssh. 2705, or 1857 per cent.
Grand Forks: Population. 1912;
taxable valuation, $l3,055,010; tax
levy for general purposes 1887 mills
or 07,651.29 in 1881: taxable valua-
ton on so per cent basis, $780,, $40;
maximum levy possible on so per cent
basis, IA mill limit, Sl21.84: neces-
sary reduction In general levy, $751;
275 or 1857 per cent.
Minot Cut 20 Per Cent
Minot: Population, l6.099; taxable
valuation, $l0,894.l78; tax levy for
general purposes, Ills mills, or $l28,-
006.59; taxable valuation on so pc,
cent basis, $7,262. 785; maximum levy
possible on so per cent basis, IA mill
limit, SOL .679: necessary reduction ir
Continued on page two)