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 XIII. General summary

Collection:: Economics Books

334 THE FISCAL PROBLEM IN MISSOURI and $29.00 in 1928. The rate of increase was more gradual than in per capita state taxes. In 1928 state tax collections in Missouri were exceeded in four of the eleven states used for purposes of comparison. On a per capita basis state tax collections in Missouri amounted to $9.50 in 1928, a smaller amount than in nine of the eleven comparable states. TAX ADMINISTRATION The administration of the general property tax is admit- tedly unsatisfactory. The administrative agencies include the county and other local assessors, the county boards of equalization, the State Tax Commission, and the State Board of Equalization. Although the legal standard of assessment for the general property tax is true value in money, in practice the average ratio of assessed valuation to true or full value for real estate, as indicated by sales value, is found to be about 55%,. The grand total valuation of all property for taxes of 1929 amounted to approximately $4.9 billion. Real estate ac- counted for 729, of the total valuation, and the valuation of town lots exceeded that for lands by approximately 509%. Personal property valuations amounted to $632 million for taxes of 1929, as compared with $920 million for taxes of 1921. The trend in public utility valuations has been definitely upward for a number of years. The equalization process does not result in any appreciable change in total valuations for the general property tax. For taxes of 1928 the total valuation of real and personal property as recommended by the State Tax Commission to the State Board of Equalization was only 1.29, greater than that reported by the assessors. The changes made by the State Board of Equalization resulted in a decrease of about one one-hundredth of 19, of the total as recommended by the State Tax Commission. The present methods of equalization, it is found, are not effective in eliminating or reducing to a minimum the in- equalities in assessments. Both the State Tax Commission and the State Board of Equalization exercise certain func-

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