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

TAX ADMINISTRATION 137 Tax Commission and as equalized by the State Board of Equalization need be considered. For the purpose of analysis of the equalization process the most recent tax year, 1928, for which complete data are available in published form was chosen. The summary data in Table 44 indicate the relatively slight effect of the equalization by the State Tax Commission and the State Board of Equalization on the real and personal property valuations for the state. The recommendations of the State Tax Commission represented an increase of 1.29 in the total valuation of real and personal property for taxes of 1928. As finally equalized by the State Board of Equaliza- tion, the total valuation was only approximately 0.019, less than that recommended by the Commission. The net changes made by the Commission amounted to an increase of 1.19% in the value of real estate and 1.5%, in the value of personal property. The State Board of Equaliza- tion increased the personal property valuation by 0.1%, but reduced the real estate valuation by approximately 0.03%. The principal changes recommended by the State Tax Commission in valuations for taxes of 1928 represented an increase of 1.99, in the valuation of lands, of 0.6% in the valuation of town lots, of 1.19, in the valuation of mules, and of 7.49, in the valuation of bank stock. The other changes recommended were relatively small on a percentage basis, and, as is evident from Table 44, the valuations for a number of classifications were accepted without change. The principal changes made by the State Board of Equali- zation were in the valuations of town lots, bank stock, and all other personal property. The valuation of town lots was reduced by about $1.7 million from the State Tax Commis- sion’s recommendation, or a decrease of 0.1%. The bank stock valuation was reduced from the Commission’s recom- mendation by an amount equal to 4.3%. All other personal property, for which the Commission recommended no change, was increased from $92 million to almost $98.7 million, or 7.2%. The data in Table 44 indicate the relatively slight effect on total property valuations of the changes made during the i Computed on Tax Commission recommendations as a base.

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