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 VIII. Public school finance

Collection:: Economics Books

PUBLIC SCHOOL FINANCE 251 of Equalization to overrule the equalized valuations of the Tax Commission injects another variable into the problem. It may be questioned, therefore, whether the present pro- cedure could provide a satisfactory base for the school equalization program. Briefly, the plan assumes that a levy of $0.20 per $100 of assessed valuation for school purposes represents approxi- mately the same rate on true value, regardless of where the school district is located. The other important factor which would have to be considered before a uniform base could be established is variation in assessment ratios. Unless it can be shown that property is uniformly assessed throughout the state, the minimum program can result only in equalizing on an unequalized base. It would be just as logical to base such a program upon a uniform assessment ratio and a variable tax rate as to base it upon a variable assessment ratio and a uniform tax rate. Property escaping taxation is another aspect of the problem, but for the sake of clarity the analysis may be confined to differences in assessment ratios. TasLE 80: ScrooL Ap Moneys IN RELATION TO ASSESSED Vavrvarions, ONe-TeacHER Districts aT $900 LEVEL! Computed by National Industrial Conference Board District 3 C 2 « rue Value of Taxable Property $100,000 100,000 100,000 100,000 100,000 100,000 100.000 ‘er Cent »f True falue at which roperty A gopoer Py Assessed Taluation ,70,000 65,000 50,000 55.000 on G5, +) 40,000 Tax Rate per $100 Assessed aluation Local Taxes 1.20 $140 -20 130 20 120 ) 110 : 100 | on 1). 20 dl Rate on True Value Total Aids? $0.14 $760 0.13 770 0.12 780 0.11 790 N10 800 2.09 | 810 nN MN 1 First step as proposed by the State Survey Commission. ®t State, county, and township aids. In order that the relationship between the financial pro- gram and differences in assessed valuations may be clearly understood, Table 80 was compiled. This table is based upon a tax rate for school purposes of $0.20 per $100 of assessed valuation, and the ratios of assessed valuation vary between $09, and 709%. The ratios are hypothetical, although they

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