The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1939-01-26
COMPILE REPORT
ON INTANGIBLE
TAXES TAKEN in
SHOWN THAT MILLION DOL.
LAR INCREASE FORECAST
WILL NOT BE MISSED VERY
FAR

IALLAf1EAOOEE. Jan. 20.
FNS) Compilation of all report.
received by State Auditor w. M
Wainwright of intangible take:
levied for 1888, definitely shows
that the million dollar increase
which was forecast when Cover
nor Cone began his drive to col
lect intangible property taxes as
required by law, will not be
missed by more than a few thou
sand dollars.
Auditor Wainwright's reports
show that the total assessed in
tangible valuation for all coun-
ties in 1887 was $395,215,000; the
total assessed intangible valua-
ton for all counties except Gads-
den and Walton, reports from
which have not yet been re-
ceived, for 1888 is $764, 208, 857.
Total intangible taxes levied,
complete for all counties, in 1887
was $637,131.19, total for 1885,,
except Walton county from
which no report has been re-
ceived, is 81, 43,753.67. This gives
the state an increase of $780,
622.48 plus the Walton county
levy. This amount will be fur
Their increased by supplemental
rolls which are being prepared by
several assessors in the larger
counties of the state from addi-
tional information which has
been furnished by Auditor Vain
wright.
The highest increase in in
tangible levies was in Volusia
county which had a levy of $26,
004.26 in 1887 and a levy of $203,
1885 in 1898; an increase in dol
lars of SIT, 729.09, or an increase
of 683 per cent.
Other large counties of the
state show the following in
creasees: Pinellas county. in
tangible tax levy in 1887 was
$3712f.27; in 1888 it is $16g,-
97204, an increase of $132,850.77,
or 358 per cent. Hillsborough
county in 1887 had levy of
SIS, 273.7 in 1888 it is $42,191.76;
an increase of $26,918.06, or t76
per cent. Palm Beach county
levied $78,191.92 in 1887 and this
year $119,598.06. an increase OF
SAL, 406.14, or So per cent. Orange
county's 1887 levy was $13,069.24
and this year it has $45, 880.06, an
increase of $32,810.82, or 251 per
cent. Dade county had a levy OF
1926, 228.67 in 1887 and levy OF
$472,782.17 this year; an increase
of $176,563.00, or go per cent.
Duval county levied SOS, 964.67 in
1887 and this year $159, 1882; an
increase of 500, 223.15 or 141 per
cent.
Florida has the lowest in
tangible tax rate in the United
States. It levies Ito of a mill on
a SO per cent valuation on class
&C" intangibles, which includes
cash, open accounts, ETC.. and 2
mills on so per cent valuation
of all other intangible property.
The highest intangible rate is
in Montana which levies 20 mills
on full value of intangible prop
erty. New Jersey levies from 10
to 100 mills on full value, Texas
10 to go mills on an 80 per cent
valuation. Colorado levies "a
mills on full value. West Virginia
levies 5 to 20 mills on full value,
and Pennsylvania levies 4 mills
on actual value.
Alabama and Indiana have the
next lowest rate to Florida with
a levy of 2Hs mills on full value,
which would equal 5 mills on the
basis used by Florida.
California has no intangible
tax but makes up for it with an
income tax of from / to Is per
cent and an inheritance tax OF
the same percentages.
So far there has been little
grumbling by the intangible
property owners who have had
their taxes increased. This is
largely due to the fact that they
know they are paying the lowest
rate in the country and have the
assurance that the levies are be-
ing uniformly made throughout
the state on the information fur
nished by Auditor Wainwright
who viii shortly begin a check.
up of the various counties to see
that the levies have been uni
form.
The spirit with which the in
tangible owners have met the in.
creased outlay is shown by one
who in 1887 paid approximately
$4,000 in intangible taxes. This
year his taxes were $43, 900, but
he paid them in November in or.
der to secure his discount with.