The New Tax Law of Indiana: And the Science of Taxation ...

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Indianapolis Print. Company, 1892 - Constitutions - 65 pages

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Page 48 - Adams. Allen. Bartholomew. Benton. Blackford. Boone. Brown. Carroll. Cass. Clark. Clay. Clinton. Crawford. Daviess. Dearborn. Decatur. Dekalb. Delaware. Dubois. Elkhart. Fayette. Floyd. Fountain. Franklin. Fulton.
Page 7 - States and countries, so far as the same are made known by published reports, or statistics, or can be ascertained by correspondence with officers thereof, and with the aid of information thus obtained, together with experience and observation of our own laws, to recommend to the General Assembly at each session thereof, such amendments, changes or modifications of our revenue laws as seem proper or necessary to remedy injustice or irregularity in taxation, or to facilitate the assessment and collection...
Page 8 - value" and "full cash value" mean the amount at which the property would be taken in payment of a just debt due from a solvent debtor.
Page 7 - cash value,' whenever used in this act, shall be held to mean the usual selling price at the place where the property to which the term is applied shall be at the time of assessment, being the price which could be obtained therefor at private sale, and not at forced or auction sale.
Page 45 - No mortgage on personal property, or on both personal and real property, or the debts secured by such mortgage, shall be assessed for taxation unless a deduction therefor shall have been claimed by the owner of such mortgaged property and allowed by the assessor.
Page 12 - ... valued at $4000 — in the one case at seven-eighths, and in the other at one-half; that is to say, the owner of the small property has $100 untaxed, and the owner of the large property has forty times that amount untaxed. Again, when ' a person dies, his entire personal estate is listed and valued by the appraisers, whose appraisement is recorded by the county clerk. By comparing a number of these appraisements with the tax assessments made next prior to the death of such person, we find that...
Page 7 - To make diligent investigation and inquiry concerning the revenue laws and systems of other States and countries, so far as the same are made known by published reports, or statistics, or can be ascertained by correspondence with officers thereof...
Page 18 - August each year for the purpose of assessing railroad property, and equalizing the assessment of real estate ; that it shall not be bound by any reports or estimates of value of railroad property, real estate, or other property, as returned to the county auditors or to the auditor of state, but shall appraise and assess all property at its true cash value...
Page 12 - In 1886 the revenue commission reported that "the realty of one man is assessed at one-third, one-half, two-thirds or even full measure of its actual value; while that of his neighbor is assessed at one-sixth, one-tenth, one-twentieth, or as was shown in one instance of considerable magnitude, one twenty-fifth of its actual value." "Such distinctions," continues the report, "are too invidious to be meekly borne.
Page 6 - Co. within this State, all personal property owned by persons residing in this State, * * * and all personal property within this State owned by persons not residing within this State, subject to the exceptions hereinafter stated, shall be subject to taxation.

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