226 THE FISCAL PROBLEM IN MISSOURI TasLe 73: Ratios oF ASSESSED VALUATION TO SALES Varvg, Farms iv Boone County, Missouri, 1910- © 1914 anp 1923-1928 Source: Mclean, E. E. The Ratio of Assessed Value to Sale Value of Real Property in Boone County, 1910-1914 and 1923-1928 Ratio of Assessed Valuation to Sales Value. Per Cent Year 910. 011 vw» Number of Transactions 330 258 7 2¢2 235 1.362 19°. 1910t0 =~ ~~ 1923. .... 1924. .......... 1925... .... 1926. iii een 1927. oii 1928... .. 1993 to 197° 101 65 77 7 63 62 59 ps ratios for the years 1925 through 1928 in this county may indicate a conscious attempt on the part of those in authority to adjust the valuations of farm property so as to conform with the average for the state as a whole. Thus, in 1928 the ratio as computed from the data for 75 rural property trans- fers was 59%, as compared with 779, in 1925. The ratio of this county for 1928 is close to the average for farm properties in the state in 1929. On the other hand, the ratios for the earlier years were unquestionably much higher than the average for farm properties in the state. Another form of variation in farm assessments involves differences in several sections of the same county. The data for Boone County shown in Table 74 indicate the nature of this type of variation. In this instance the variations were found to be relatively small, the minimum being 649, for township 45, and the maximum, 75%, for township 51. Table 75 shows the rural transfers in Boone County for the years 1923 through 1928 with the data grouped according to the acreage of the farms. In view of the wide difference in ratios between the smaller and the larger farms and the fact that when all of the farms were grouped into four classifica- tions the ratios increase as the size of the farms increases, the