The fiscal problem in Missouri

Bibliographic data

Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter V. Tax administration

Collection:: Economics Books

126 THE FISCAL PROBLEM IN MISSOURI valuations.! In no instance, however, may it reduce the valuation of the real and personal property of the county below the value as fixed by the State Board of Equalization. Cities of the first class have their own boards of appeal. The State Tax Commission consists of three members, appointed by the Governor for a term of six years. The Commission has been in existence since 1917. Although the Commission has numerous other duties, only those in- cidental to the administration of the general property tax will be considered here. The Commission adjusts and equalizes the value of real and personal property among the several counties of the state. It does not, however, have final authority in the equalization process. After examining the county valuation data, which are reported to it, the Commission may make such changes as it believes to be desirable, but before its recommendations become effective they must be approved by the State Board of Equalization. So far as the equalization for the general property tax is concerned, the Commission is, therefore, without definite authority except to make recommendations to the State Board of Equalization. The State Tax Commission is empowered to order reas- sessments of individual properties and assessment of omitted property. It has no power to order reassessment of all the property in a county. If it had been given such authority at the time the State Tax Commission Act was passed, doubtless much could have been done to remedy certain inequalities. However, any changes that might have been recommended by the Commission would have required approval of the State Board of Equalization. The State Tax Commission has the power to assess rail- roads, railroad cars, rolling stock, street railways, electric light and transmission companies, bridge companies, pipe lines, telephone and telegraph companies, and other similar public utilities. Strictly local property of railroads and other utilities is assessed by the local assessors. The valuations of properties as made by the State Tax Commission are sub- In counties having the township form of organization, the county board also equalizes valuations among the townships.

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