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l , , v 1 7 ' ' I W EDNEBDAY, APRIL 2, 1919, - I ' T 'A - 2 _ I l , p . -t-------.- . . . . n Municipalities May Grant '. Partial Exemption of . Homes Provmce to Increase Amount '. of Personal Income Not I , Taxable Important amendments-to the As- sessment Act were adopted by a special committee ol' the Legisla- - titre last night which will be receiv- ed with approbation h) alarge sec- tion of the people. of the province. The two most important changes in .m' not we to grant local option to n,uniciioalities to grunt partial th- mnption from assessment on the moderately priced house. and to increase the amount of personal in- 'Home. that is exempt from taxation. Hull) these changes were adopted oy the committin- without oppoci- "on. . During recess tho t-ommittee held several meetings to hear evidence on requested amendments to the not. and last night's sitting was the list to he held before the report is presented to the Legislature. Sir william Hearst explained that he. had previously favored grantinp,'ex- eruption to a certain amount til moderately priced houses. On furth- er consideration. however. and after nonsultation with the experts of the Government he. had decided that that was not the best thing to do. If that were done. in many small towns Und villages where dwellings " re assessed at a low rate. any amount that was fixed might. result in relieving entirely from taxation nuite a number of homes. The Plan Adopted. i The. plan which he then suggest- ed and which was adopted is: That if a house is asressed at not more than $2.000 that ir. be actually assessed at 50 per cont. of the value, thus a $2.000 house would be ', assessed for $1.000: C ' That if a house is assessed at not more than $2,500, the actual 'ct.FiSs,?s- sment will he. at 60 per cent; That if a house is assessed at not more than $3.000. the actual as- sessment will be at 70 per cent,: That if a. house is assessed at not more than $3,500. the actual as- aessment will be at 80 per cent.: That if a house is assessed at not more than 34.000. the actual as- sessment will be at 90 per cent. A house assesed at more than $4,- 000 will be actually-assessed at the full value. This exemption is on dwelling. ex- clusive of land. In the country. instead of confining the. exemption to dwellings. it shall apply to all buildings up to the same " value of assessment as in the urban centres, and at the same rate of ex- eruption. . Mast Submit By-law. f It is provided in the act. however, that these exemptions shall only be granted after the electors have ex- pressed their willingness to make the change on a by-law being submitted to a vote. Mr. C. H. Mills (North Waterloo) remarked that he did not believe the assessed value was the actual selling value of the property in most muni- "ipalities. It was pointed out. in re- ply, that that would make no differ- ence. No matter what figure the as- . . t sessor placed on the house, if it was less. than $4,000 the 19ercentatre,ex- emptlon would apply. ", " The Prime Minister explained also