Jasper County Democrat, Volume 22, Number 47, Rensselaer, Jasper County, 10 September 1919 — RAISING THE ASSESSMENTS. [ARTICLE]

RAISING THE ASSESSMENTS.

A concrete example, of- the wisdom, so to*- speak, of the state tax board in ordering a blanket increase in the assessment of per-

sonal property comeg from a farm near Winamac: A few months two younff men formed a partnership at farming. Each owned some equipment, and to make the arrangement perfectly fair they agreed upon three appraisers, who placed a cash value upon the property. This value was used as the basis of partnership. When, the assessor came along a little later, they simply used the appraisers’ figures as the true cash value of their personal property, and so gave it in to the official. Thus the ideas of no less than six men —the three appraisers, the two owners and the assessor —were made use of in fixing the basis of taxation. Now comes the state board of tax commissioners, sitting in an office in Indianapolis, and says that property was not put in high enough: that it m-ust have 30% added to it. If those two young men had had their property in the form of notes there would have been, no increase, because the order does not apply to money and notes. And the fellow who owns notes and money, but who did not give them in for taxation, gets off easier than ever. Some tax law, isn't it?—Pulaski County Democrat.