THE FARM TAX PROBLEM IN MISSOURI 211 
Michigan. The valuation of lands in Missouri has declined, 
but it is difficult to say to what extent the decline has been 
offset by an increase in local tax rates. Another factor that 
enters into the problem is the decrease in the state rate on 
property in Missouri. If data were available for later years 
for the four counties included in Table 59, they would 
probably show some decline in taxes per acre. There are 
two factors tending to cause a decline, namely, the decrease 
in the state rate and the decrease in the valuation per acre,! 
as compared with one factor, the increase in local rates, that 
would tend to cause an increase.? 
TaBLE 66: GENERAL ProperTY Tax AnD NET RENT PER 
Acre oN SELECTED Farms! in Arkansas, 1921-1925 
Source: University of Arkansas, Agricultural Experiment Station, Bulletin No. 223 
= Per Cent of Net 
Rent before 
Taxes Paid in 
Taxes 
19.0 
16.5 
20.0 
17.6 
17.2 
Average _ 0.56 17.82 
«+ Includes farms in Washington, Crawford, Sebastian, Craighead, Mississippi, 
Faulkner, Pulaski, Lonoke, Hempstead, Nevada, Drew, and Desha Counties. 
2 Computed from two preceding columns. 
1921 
1922 
923 
(924 
(90 § 
48, 
fu 2 
55.302 
58,542 
66.218 
The results of a net rent study in Arkansas are shown in 
Table 66. This is the only state considered in this section 
for which the ratios of taxes per acre to net rent per acre are 
comparable with those for Missouri. In fact, for the three 
years included in Tables 59 and 66, it would appear that 
taxes in relation to net rent were slightly lower in Arkansas 
than in Missouri. 
F'aArM Taxes IN ReLation To Gross Income, Casa INcoMmE, 
AND Otuer Factors 
It should be remembered that the data which have been 
considered in the previous section represent statistical 
1The total valuation of lands in the four counties was approximately 16% lower 
for taxes of 1928 than for taxes of 1923. 
2 Exclusive of changes in the ratio of assessed valuation to true value.