TAX ADMINISTRATION 179
much to expect that the assessor’s valuations will in the
aggregate form a uniform percentage of total sales value from
year to year. Nevertheless, this result was closely approximated
in Columbia during the earlier period.
Tare 54: Ratios oF AsSesseD VALUATION TO SALES
VaLug, City Lots 18 SpeciFiep Divisions or COLUMBIA,
Missouri, 1923-1928
Source: McLean, E.E.: The Ratio of Assessed Value to Sale Value of Real Property
in Boone County, 1910-1914 and 1923-1928
Bank’s Subdivision of Garth......
Bouchelle Addition. ............
Guitar-Park Addition. ..........
Northern Addition. ............
Nowell’s Addition. ... Curie
Original town ....ovevi vuonn on
Pannell Place. .... os
Smithton Addition. ..... ... .
University Addition. . -
Westwood Addition. .
Number of
Transactions
Average
Sales Value
$1,107
: 4598
00 | 1,058
7 3.218
' 1,803
5,853
1735
ans
5,202
3.0
0
Average
Assessed
Valuation
p465
2,737
503
1.350
802
2,885
“56
wY7
1 36
Ratio of
Assessed
Valuation to
Sales Value
Per Cent
7
From time to time the City of Columbia was enlarged by a
number of additions. The ratios of assessed to sales value
for several additions and for the original town! are shown in a
tabulation in the Boone County study. Table 54 is an
adaptation of this tabulation. For the period 1923-1928,
105 sales in the original town showed a ratio of 49%, while
at the extremes were the Smithton Addition, with a ratio of
3497, and the Bouchelle Addition, with a ratio of 60%. The
low average values for the Smithton Addition no doubt indicate
that a large proportion of transfers represented lots on
which buildings had not been constructed. The most significant
fact disclosed by this table is that, although the ratio for
a city over a period of years may not change very much, it
does not follow that property is assessed on a uniform basis
throughout the entire city. Certain factors are constantly
tending to increase property values in one part of a city,
while values in another part remain practically constant or
1 Not all sections of the city were included. Only those showing a considerable
number of transactions were used.
