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 VII. The farm tax problem in Missouri

Collection:: Economics Books

222 THE FISCAL PROBLEM IN MISSOURI to a ratio of $1.34 per $100 of assessed value. It will be re- called that the State Survey Commission estimated that the average rural tax rate in the state was $1.35 per $100. In a previous section it was pointed out that the average rate on rural property in the state appeared to be between $1.30 and $1.40. Also in testing the estimate of total taxes on all farm property, the estimate as made by the United States De- partment of Agriculture was divided by the total valuation of lands, and the result was $1.35 per $100 of assessed value. In making the latter calculation, it was assumed that the valua- tion of lands not included in farms would be offset by the value of livestock and other personal property of farmers that is assessed for taxation. These various calculations and estimates indicate that an average rate of $1.35 per $100 of assessed value 1s approximately correct. On the basis of the tax rate on true value as shown in Table 72, Missouri ranked forty-seventh among the states, counting the District of Columbia as a state. Only Virginia and Florida showed a lower ranking. Missouri ranked last among the states in the west north-central group. On the basis of index numbers, taxes in Missouri were only 63.9% as high as those on the average owner-operated farm in the United States, while in relation to taxes on owner-operated farms in the west north-central group, taxes in Missouri were found to be equal to only 75.7%, of the average for the group. In view of the fact that the sample for Missouri was very large and included farms from all sections of the state and that the samples used for all other states were highly repre- sentative, it may be affirmed that the data in this table are more conclusive than any other that have been presented. The fact that the data in this table are six years old does not affect appreciably their value for purposes of comparison. In certain states, there have been some changes in the tax system that might tend to cause taxes on farm property to increase or decrease at a relatively low rate or to remain practically stationary, but, on the whole, it is doubtful that such changes would cause any particular difference in the conclusions that would be derived from Table 72. if the data were for a more recent year. The net rent studies, the supplementary data introduced as

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