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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter V. Tax administration

Collection:: Economics Books

TAX ADMINISTRATION 163 In Missouri land and buildings are jointly assessed. Unless extreme care is used in assessing real estate, improvements to buildings are not always assessed. While no date can be presented there is reason to believe that important internal building improvements frequently do not result in any change in the assessed valuation of the property. In the first Tax Commission Report for 1917-1918,* an example is given of a lot and two-story brick building which was assessed in 1916 at $20. The same year the property was sold for $5,000 cash. The ratio of assessed value to sales value was therefore 0.49, Probably the assessor merely had not observed the building and had recopied the valuation of the lot from year to year. Too much depends upon the initiative of the local assessors, and it would naturally be unreasonable to expect a careful appraisal of internal building improvements when assessors have been known to overlook a valuable building for a period of years. A large volume of tangible property assessable as all other personal property no doubt escapes taxation. The total value of such property cannot be estimated, and statistical evidence is lacking. It is entirely logical to assume, however, that in a system in which large numbers of motor vehicles escape taxation, many assessors do not obtain much informa- tion concerning miscellaneous forms of property. Then, too, the radical increases that at times are made during the equalization process imply that a considerable volume of such property escapes taxation entirely. l See p. 28.

Access restriction

Copyright

fullscreen: The fiscal problem in Missouri

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation