Illinois News Index

Wilmette Life (Wilmette, Illinois), 7 Feb 1935, p. 19

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in thec county. shall be assessed on the basis of its full value on the assess- ment date.. The mile applies to intangibles, such as money, stocks. andi bonds as well1 as to visible, tangible -personal. propperty .and real 'e state.. Pm i... i jio.s "I arn well aware of the Storm wbich this order: wiil raise," said Assessor Clark.. "There are, how- veSound reasons for the order that, there shahl be no discrimination 'i the assessment of tangibles.and in- tangibles. "The, state..constitution provides. that taxes shah be levied uniformly on 'the basis of value. The :statutes direct that the assessor shall de- termine the fuit value of, ail property., Any assessment which departs fromn uniformity is, to say the, least,, extra legal. To WIliIFoIlow Law Tointerpret the plain law so that the owner of a hlu1e- homre,~ of. ,uachinery or merchandise, an auto- mobile or necessary household fur- niture should' be assessed on the full value of such tangibles and at the same time permit a. lower valuation, *of money, stocks, bonds and the like, is unjust and unfair. "I know that the decision to put money, and securities on the assess- ment roll at full or market value is without precedent in Illinois assess- ment historv. i>niKsthe ~.I.full ins rninL .u .attaii uiîrmuiy viji resuit in an enorpious increase' ithe personal property assessment roll and tbereby decrease the tax rates to which so many. objections are raised. Proçedure CJI.d Equi"ale "Those who prevailed uponm predecessor. to permit money to be scheduled at 10 per'cent of its total, andi stocks and bonds at 20 per cent of their market value, argued that to med wn MOVIES 0F LINCOLN. A special program: for children, com- metnorating Abrabam Lincoîn's birth- day, wvill be presented by the James Nelson1 and Anna LÔuise. Raymond Foundation Tuesday norning, Febru- FURRIER TAILOR RoIiditg - Re>airing At sVa * Nominal Cout Oper3 Yars et Salis. JOHN T. ROSBERG'. $30 Pdbtk Avenue PlioneWiI.ff. 2690' >y Îs SICK"ý Anxiopus hours. Days of worry.- SleeplessI nights. "My baby, is ont ... " Why? In nine cases ou ften,.because.of a home:, where heating equipment has caused a variance in temperature. That's why we say ... and back the Illinois there was worth of in cago anti C ,Dably $35,~MJRM ible properlyi li county. Ifany con- Bx>.&cutivr, Offices, 101 Fulerton Avenue, Phone' SIX PLANTS CON VENu WTLY LOCATED SEVING Matlhew Francis

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