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 141 equalization process. The term “equalization,” or “equali- zation process,” does not imply that there is necessarily any change in total valuations for the state. It implies, rather, an ironing out of differences, a bringing together of the respective valuations for the several counties on a common level, regardless of whether, as finally equalized, property throughout the entire state is valued uniformly at 100%, 559%, or some other percentage. In order that further light may be thrown on this bringing together process and that the summary data which have been considered may not be misinterpreted, the changes made in the various classifica- tions are presented by counties in Table 45. The data in this table will not be subjected to a detailed analysis. It is sufficient to mention only a few of the outstanding features of the equalization process as disclosed by this table. The county data for lands, town lots, and mules are par- ticularly enlightening, in that the changes recommended by the State Tax Commission are frequently on a straight per- centage basis. When such is the case, the implication is that the particular form of property the valuation of which is increased or decreased by a flat percentage had been under- valued or overvalued, as compared with other property in the same county and property in general throughout the state. For example, the valuation of lands in Clinton County was increased 209, and the valuation of town lots, 1097. It would seem to follow that the assessor had used different standards in assessing the two classes of real estate. The Commission presumably acted on statistical evidence in such cases, yet the numerous flat percentage changes would seem to preclude any sound claim to scientific precision. It is difficult to understand how a careful analysis could result in the recommendation of so many flat increases and decreases, and it would seem that, although information is at hand when these changes are recommended, the recommended increases and decreases rest, in part at least, on a judgment basis. For St. Louis County the valuation of mules was increased 509%, and the valuation of cattle, 30%. Compared with the number of counties in the state, the changes in the valuation of livestock were very few. There is nevertheless the im-

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