230 THE FISCAL PROBLEM IN MISSOURI

course, implies that farm property in a given local governmental
 division will be assessed with a high degree of uniformity.
 It is desirable also that farm property should be
assessed on a basis comparable with that on which urban real
estate and other forms of tangible property are assessed. The
results of the present system indicate that a much higher
degree of uniformity can be attained, and it is believed that
the only practical solution lies in supervision by a state tax
commission empowered to reassess an entire county or smaller
division as well as individual properties.
In another chapter changes in the tax laws are discussed,
which would have the effect of discontinuing the taxation of
all intangibles at general property tax rates and reaching
this form of property by means of the income tax. Farm
mortgages are correctly included in the intangible category,
and, if such a plan were adopted, they would be taxed
only on the basis of income.