176 THE FISCAL PROBLEM IN MISSOURI

ratios of 29% and over. Chart 6 should be similarly interpreted,
 except that the cumulative distribution is on the
basis of sales value rather than the number of transactions.

Tare 53: RaTiOs OF ASSESSED VALUATION TO SALES
VaLug, Crry Lots 1v CoLumsia, Missourt, 1910-1914
AND 1923-1928
Source: McLean E. E.: The Ratio of Assessed Value to Sale Value of Real Propertv
 in Boone County. 1910-1914 and 1923-1928

Year
1910. .....
J § SA

~

1910-19014

1923. .
1924. .
25...
6.
27,
1992¢

1923-192¢

Lasser ene

Number of
Transactions
. 276
213
236
743
217

1.185

335
281
265
222
162
17
a)

ot

Ratio of
Assessed
Valuation to
Sales Value
Per Cent
24
bo
24
27
27

oF

55

ol
49
44
g1

Another aspect of the problem is variations within the
same city or county. Data for only one city will be considered
 in this connection.! A few years ago Mr. Elgin E.
McLean made a careful study? of property transfers in
Boone County, in which the City of Columbia is located.
The data for Columbia provide an excellent basis for studying
 variations from time to time as well as among the several
sections of the same city.
Table 53 shows the number of transactions and the ratios
of assessed valuation to sales value for each year for real
property transfers in Columbia during the periods 1910
through 1914 and 1923 through 1928. The ratios for individual
 years as computed from the assessed valuation and
sales value totals increased during the former period and

1 Similar rural data for Boone County are presented in Chapter VIL
2 The Ratio of Assessed Value to Sale Value of Real Property in Boone County,
1910-1914 and 1923-1928. An unpublished Master’s thesis prepared at the University
 of Missouri.