Show Decreased Valuation May Decrease Taxation The state stale board of has added n nearly to the tion of or ta taxable property for assess assess- assessment assessment ment purposes in 1 1929 29 And this thi comes from two sources the mines mine and public utilities To be exact the assessment t on mines mineR h has s increased st 27 and on public utilities 4 1 4 oi or 01 a total of 32 I prevailing rate of taxation t will bel be b applied against this amount n and d the th money money will go o to the counties in which these the e industries arc are l located It must be r remembered that the th triable t reble wealth is present approximately m tely This addition adds nearly 5 per c cent t for fol taxing Five re per cent is ia a very vcr legitimate and substantial l return ou on 01 any investment in Now the question is What That will the taxing o officials do throughout the state Will the they add to th the burden of taxation because there is more to tax or will they live within the pres pres- present present present ent expenditures 1 The returns from all aU the count county 1 assessors arc are not yet in but oh on n ac- ac account account ac account count of the genel general l prosperity ro the the s state te it is expected ep cd that valuations will 11 not decrease in I any county except for vcr very very good find and reasons If the assessors maintain the old assessment basis the now new valuation in the state will willbe willbe I be By 00 economical ical administration ad- ad administration ministration of state affairs there is no reason why the state cannot c re-I re re- re reduce re reduce duce the state tax x from 24 mills to 22 trills mills n This will be bo felt favorably by taxpayers tax tax- taxpayers tax taxpayers I payers throughout the state and an additional G j per cent for taxing pur pur- purposes pur- pur purposes purposes poses should be reflected in lower tax x bills to every taxpayer There is no inducement to increase the valuation of property or to find new sources of revenue if the taxing officials look upon this as an opportunity opportunity tunit to spend more mone money In such sucha a case it gives relief relic to nobody and since the present cry throughout the state tat is Relief from the tax bur bur- burden den this can be had only when strict strict- strictest strict ct Ct est economy and efficiency are ad adhered hc hered d to so that the increased val val- valuation val valuation will have real meaning to the burdened taxpayers |