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

252 THE FISCAL PROBLEM IN MISSOURI are probably within the limits of variation found in the state.! School districts, A to G, are assumed to have taxable property the true value of which is $100,000 in each case. The assessed valuations, of course, vary with the assessment ratios. By applying a uniform rate of $0.20 to the assessed valuations, the local taxes column is obtained. District A, in which property is assessed at 70%, would levy local taxes amounting to $140, while at the other extreme district G would levy local taxes of only $80. The tax rate on true value in District A would be $0.14 per $100, while in district G it would only be’$0.08 per $100. Deducting the local taxes from $900, the last column in the table is obtained. This column clearly indicates that the amount of aid guaranteed increases as the assessment ratio decreases. On the basis of this table, it seems that the financial plan would place a premium upon a low ratio of assessed valuation to true value, and it is difficult to see how any result other than a tendency towards low valuations could be expected, unless a strong state tax commission were in charge of the assessment and equalization procedure. The tendency toward low assessed valuations, which might result from the adoption of the school program, would present a serious problem to those in charge of property tax administration, even though the present system were greatly improved. As another approach to the problem, Table 81 was com- piled, in order to ascertain if any relationship might exist between ratios of assessed valuation to sales value and the distribution of one-teacher districts according to the amount of aid guaranteed. Data for twenty counties, ten with high ratios and ten with low ratios, are included in the table. Counties in which large cities are located were not considered in compiling this table,” and the ratios, according to which the counties are grouped, are for rural property transfers only, the assumption being that in the counties chosen most of the one-teacher districts are rural schools. Of the districts receiving aid in the group I counties, for which the ratios are relatively very high, only 20.3%, would receive total state, county, and township aid of more than $600. On the other 1 See Table 51, p. 174. * St. Louis County was also excluded Because it is not a typical rural county.

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