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 VI. Tax administration ( Continued)

Collection:: Economics Books

172 THE FISCAL PROBLEM IN MISSOURI number of transactions in the 50%, to 59% group. Such is not the case, however, for only 17.29, of the total number of transactions showed ratios of not less than 509%, and not more than 599, and only 19.79, of the total sales value was accounted for by the 354 transactions that showed ratios of 509% to 59%. The cumulative data are particularly enlightening. For example, about 10.9%, of the total number of transactions showed ratios of 1009, or more, and almost 90%, showed ratios of 309, or more. That the properties which sold at high ratios of assessed valuation to sales value were in gen- eral of small value is clear from the fact that only 3.6% of the total sales value of all properties was accounted for by those properties with ratios of 100%, or more. Although the 1929 data, presented in Table 51, are more significant than any other data that might be presented, before considering the compilations based upon the 1929 statistics mention should be made of sales value studies made by the Taxation Committee of the Missouri Bankers’ Association. In both 1923 and 1925 data were compiled for a large number of counties, the volume of transactions in the former year being 1,013, and in the latter,936. The ratios of assessed value to sales value computed from the aggregate data were 56.5%, and 589, respectively. These ratios tend to confirm the representative character of the 1922 sample taken from seven counties, since in 1925, for example, the Missouri Bankers’ Association data included sales transac- tions in 100 counties. The ratios computed from the aggregate data thus far considered were 559, for 1922, 56.59, for 1923, and 589, for 1925. It is significant, therefore, to find that the 1929 ratio of assessed valuation to total sales value computed from the totals for thirty-nine counties is 55%. On the basis of the four studies it seems safe to conclude that real estate in Missouri has been assessed on the average at about 55% of its sales value. It is admitted that special factors, such as the terms of the sale and the fact that certain properties sold under unusual conditions could not be eliminated in compiling the data, influence the ratios to some extent.

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