Jasper County Democrat, Volume 6, Number 29, Rensselaer, Jasper County, 24 October 1903 — INCREASE IN WEALTH. [ARTICLE]

INCREASE IN WEALTH.

Indiana Has Much More Taxable Prop ertjr Than She Possessed a Year Ago, Indiana’s wealth in taxable property has increased in the last year $118,625,402. This is shown by the table compiled in the office of the State Auditor from the final report of the State Board of Tax Commissioners. Besides the natural increase in the value of real estate throughout the State, there has been a great increase in tbe valuation of properties of every other kind. Indiana has been building many miles of steam and electric railroads, and her iiwirstrial interests have been increased materially by the addition of factories in a’most every part of the State. The millions of incrense in the assessed valuation of properties means the enrichment of county treasuries as well as that of the State. The total value of Indiana's taxable property of every sort and description is $1,513,433,044. The following table shows the total assessed valuations of real, personal and corporation properties: Value lands ? 504,367,296 Value of Improvement ou lauds 01,990,462 Total lauds and Improvements . $ 178,005,975 Value of lots 178,055,975 Value of Improvements on lots. 195,847,605 Total lots and Improvements.? 373,853,070 Grand total of real estate..? 970,211,428 Less mortgage exemption 44,290,297 Net value as originally assessed ? 925,951,131 Increase by State Tax Board.. 14,447,831 -—\ , .. .a ■■ ■ Net value as finally assessed.? 940,398,962 Value personal property ? 377,573,184 Total of all real estate and personal property ?1,317,972,146 Valuation of steam railroads..? 104,835,001 Interurban and street railroads 11,968,172 Telephone companies 6,739,091 Telegraph companies ......... 1,922,902 Express companies 1,983,380 Sleeping-car companies 379,891 Pipeline companies 7,634,331 Grand total valuation of all taxable property In Indiana for 1903 ?1.513,433,644 Grand total for 1902 1,394.808,242 Increase In 1903 ? 118,625,408