Evening Republican, Volume 22, Number 180, Rensselaer, Jasper County, 1 August 1919 — NO TAX INCREASE DESPITE HIGHER VALUATION [ARTICLE]

NO TAX INCREASE DESPITE HIGHER VALUATION

Warren E. Poole, trustee of Hanging Grove township, filed in this office Wednesday his estimates oi expenditures-and tax levies fori 1920, and the same is published taj the Friday Semi-Weekly Republi-' can. The law requires that. “The, township trustee shall at least • thirty i3uj days, and not more' than iorty (40) days, before the t.unual meeting of the advisory uoard, in each year, (the date fixed; tv law for the annual meeting of advisory board is the first Tuesday in September, which date This year is - September 2) post at or near the door of. all post offices in the township, a statement oi t ue several estimates and amounts, ui proposed annual expenditures,; and the rate of taxation proposed .or levy against the property with-' ru such township, for the several iunds to be expended for his town-; .-.nip during the calendar year, and jliSo copies of said notice shall be published one time in the issue printed in the first week of August oi each year in the two lead-1 ing newspapers, representing the two political parties casting the . highest number of votes in such county at the last general election, and one publication in a newspaper in the township interested if there be a paper published therein.”

in 1918 Trustee Poole estimated that the amount of money needed by his township in 1919 would be $5,825, Basing his estimates on the 1918 valuation of property he asked for a 90-cent levy. I For the year 1920 Trustee Poole estimated that he will need $5,-’ 820, but that the levy to raise this amount will be but 30 cents on the SIOO, based on the 1919 valuation which is $1,940,000, or 289 per cent of the 1918 valuation. If Trustee Poole's estimate is adopted by his advisory board and the levy of his township for 1920 is made as per his request, 30 cents on the SIOO, the increase in valuation! will be more than offset by the decrease in the rate of taxation and property owners in Hanging Grove township will pay a little less township tax ij) 1920 than they paid in 1919. -—To illustrate: The average assessment in 1918 on an acre of land including improvements in Hanging Grove township was $28.43. The township levy for the same year was 90 cents on the SIOO. The owner of this average ame paid this year in taxes 25% cents. The same acre of land and .’.iprovements is valued for 1920 taxation purposes at ,$72.44, but the township levy proposed by Trustee Poole is but 30 cents on the SIOO and the township tax to be paid by the owner of this acre of land in 1920 will be 21 7-10 cents or almost 4 cents less than the amount paid in 1919. If the county and state levies can be 10-wered to cotmpensate for the increased valuation the amount of taxes to be paid in 1920 should be about the same as the amount