The fiscal problem in Missouri

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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

GENERAL SUMMARY 337 farm taxes and net rents from farm operations show that Missouri ranks low among the states for which such data are available. This low ranking is confirmed by the finding that Missouri ranks below the average when comparisons are made of the estimates of taxes on farm property relative to value and income factors ‘compiled by the United States Department of Agriculture. The data for owner-operated farms point to the same conclusion, namely, that taxes on farm property in Missouri are relatively low in comparison with other states in the same general region and the United States as a whole. Nevertheless, there is a farm tax problem in Missouri. Some of the elements in this problem are the declining net income from agricultural operations; the failure of the assess- ment procedure to make due allowance for the decline in capital value in assessing farm property; the variation in assessments among the several counties as well as within the same county or school or other special district; the ap- parent over assessment of the larger farms in a period of declining land values, under the present system of assessing land and buildings jointly; and the alleged discrimination against the farmer operating a mortgaged farm as compared with the farmer who owns his property outright, under the present system of taxing farm mortgages. The possible changes in farm taxation that suggest them- selves are the separate assessment of farm land and buildings, the assessment of farm property on a basis more closely approximating uniformity throughout the state, and the elimination of farm mortgages from the general property tax hase and their taxation under the income tax only. PusLic ScaooL FINANCE The problem of public school finance must be considered in connection with the plan proposed by the recent State Survey Commission, which would transfer to the state government a substantial part of the burden now borne by the school districts and would involve additional state aid expenditures for maintenance over a ten-year period esti- mated at $100.6 million. This plan would seem to be open 1

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