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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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter V. Tax administration

Collection:: Economics Books

TAX ADMINISTRATION 135 years 1917 to 1920, inclusive. For taxes of 1921 lands represented almost 53% of the total real estate valuation. After 1921 there was a gradual decline in the proportion of the total attributable to lands, with the result that there was a 609, and 40%, distribution of total real estate between town lots and lands for taxes of 1929. The question might be raised whether the increase in the valuation of lands that was made in the assessments for taxes of 1921 was not excessive. In that year the valuation of lands was increased from about $734 million to slightly more than $1,767 million, or more than 1409, while the valuation of town lots was raised from approximately $1,138 million to $1,581 million, or about 40%. Real estate assess- ments for taxes of 1921 were made as of June 1, 1920, when farm values were at a peak. Even after making allowance for this fact, it still appears questionable whether the much larger increase in the valuation of lands, as compared with other real estate and with property in general, was entirely justified. The total valuation of personal property reached a peak of $920 million for taxes of 1921, and, unlike real estate, the level of 1921 has not since been attained. For taxes of 1929 personal property valuations amounted to only $632 million, the smallest for any year since 1921. Of the total, approxi- mately $88.5 million, or 14%, represented the value of live- stock as assessed for tax purposes. The most important personal property classification, judged on the basis of valuation, is that of money, notes, bonds, etc., which showed a total valuation of $149 million for taxes of 1929, or 23.6% of all personal property. Bank stock, the other important form of intangible property, was assessed at about $108 million, or 13.89, of the total personal property valuation. The two groups, money, notes, bonds, etc., and bank stock accounted for 40.7%, of the total valuation of personal prop- erty, but for only 5.2% of the total valuation of all property as shown in Table 41. 1 “Intangible property” or “intangibles” as used in this study refers to those forms of property which are representative in nature. The two important classi- fications included under this heading are bank stock and money, notes, bonds, etc. Tangible property, on the other hand, includes real estate, livestock, motor vehicles, farm machinery, etc.

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