The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-10-05
STATE TAX'LEVY To
RAISE $3,527,6S0
IS FIXED BY BOARD
| Figure to Be Raised for Current
Year Is Slightly Below
That for 1892

A state tax levy Of 6.79 mills to de-
rive $3,527 ,66070 for operating the
state government and for payment Of
bonds and interest was set by the
state board Of equalization Wednes-
day. Last years levy was 6.83 mills
to derive $3,S76,207.
Included in the figure are a 2.95
mills general property tax levy and
3.54 mills for the mill and elevator
and real estate bond fund and inter-
est levies. In addition there is q one
tenth mill levy for the old age pen
sion fund created by the last legisla-
ture and two-tenths mill levy for
the capitol building fund.
OF the amount levied for bonds and
interest, $l.160,S0 is for real estate
bond interest. and $3.50, 107.59 for the
real estate bond fund. The remainder
Is for the milling bond payment fund,
and the mill and elevator bond pay
ment fund.
In recommending to the equaliza-
ton board that the levy Of 81 ,160, 800
be made for real estate bond interest
the state industrial commission in
cluded among liabilities loan Of ST.
225 900 from the Bank Of North Da-
kota on certificates Of indebtedness
for paying real estate bond interest
State Treasurer Alfred Dale advised
the commission the levy for payment
OF real estate bonds will be unneces-
sary, but said the levy should be made
for paying the loan II 1t is desired X
retire certificates Of Indebtedness.
Valuation Is $5lS,2l5,lS2
The levies will apply to taxable
valuation In 1898 Of $5l8.2l5,l82, which
Is SO per cent of the total assessed
valuation. This compares with a tax
able valuation of $3.50, 729, 285 last year
Total assessed valuation this yea
was fixed by the board Of equalization
at 81, 036 ,435, 1854, or about 500, 900 ,00'
less than last year. Rural and urbar
real estate valuations were reduced
about 10 per cent, said J. J. Weeks
state tax commissioner. accounting
for nearly SIC, 000, 900 Of the reduction
Weeks said that while the total lev!
this year is nearly as high as that O
last year, the reduction in the amount
to be derived results from the reduced
tax base.
The two-tenths mill levy for thu
capitol building IS made In conform
ity with the 1888 legislative act which
doubled the one-tenth mill levy prev
iously fixed by law; the one-tentf
mill levy for old age pension fund wal
set for the first time to conform with
an act Of the recent legislature, ant
five-tenths mill Of the levies for bond
and interest Is also fixed by new
law, but was taken into consideration
by the board In making a levy fol
that purpose.
Here Are Levies Made
Levies for all purposes as set Wed
nesday by the equalization board fol
low: general property tax levy-$l,
52S,743, rate ass mills; old age pen
sion fund-$5l ,82l 50, one-tenth mill
capitol building fund-$l03, 643, two
ltenths mill: mill and elevator milling
bond payment fund-$l55, AGA, three
tenths mill; mill and elevator con
struction bond payment fund-$259,
lO8, five-tenths mill: real estate bono
interest fund-$l. l6o, 1907, 2.24 mills
real estate bond fund-$259. l07 SO
five-tenths mill.
! Levies for all purposes last year fol
low: general property tax levy-$2,
2l3,354, $50 mills; capitol building
fund-$56,753, one-tenth mill; mil
and elevator bond payment-$62, 42a
eleven-hundredths mill: milling bons
payment-434,O52, six-hundre d t h
mill; real estate bond payment inter
est-$l 500. $40. 2.66 mills: real estat'
bond fund, none.