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 VII. The farm tax problem in Missouri

Collection:: Economics Books

202 THE FISCAL PROBLEM IN MISSOURI increasing competition of foreign countries in the world market for agricultural products, have been contributing causes of the agricultural depression. Taxes Pap oN Missourt Farm ProPERTY [t is not possible to compute the total amount of taxes paid on farm property in Missouri, for the reason that the requisite data concerning rates of taxation and valuations of farm property throughout the state are not available. For the year 1927 the United States Department of Agriculture made an estimate of the general property tax on farm prop- erty in all the states.! According to this estimate the general property taxes on all farm property in Missouri amounted to $20,063,000 for 1927. It therefore appears that taxes on farm property accounted for approximately one fifth of the state and local general property taxes, which amounted to $100,948,955.2 In a report to the State Survey Commission a similar conclusion was reached for the year 1928. For that year property taxes paid by farmers were placed at less than $20 million. Reference to Tables 41 and 42 indicates that the valuation of lands and the valuation of farm-owned personal property would amount to much more than one fifth of the general property tax base for the state. It should be noted, however, that not all lands represent land in farms, and that the estimate of slightly more than $20 million does not take into consideration the general property tax paid on forest and other lands not owned by farmers. If allowance were made for this fact, and an addition were made to the farm general property tax base on account of livestock, farm implements, automobiles, and so on, it would be found that the proportion of the total tax base attributable to farm property would be considerably larger than the proportion of total general property taxes paid by farmers. The reason for this is that the tax rate is considerably lower on the average in rural communities than in urban communities. It has been pointed 1 United States Department of Agriculture, Technical Bulletin, No. 172, State and local general property tax total computed from data in Tables 31 and 32, pp. 103 and 108. * The Taxation System of Missouri, 1929, p. 25.

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