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There la a method. I believe littie k7lown, whlch afforda an escape from the dilemna. In July 1932 there was published In Chiceago by the Joint Commission on Real FAtateý Va luaticin a pamphlet entttled, *'Appraisoal Standards for -the" Aassment of' Personal Property." This ln, avallable. to ieveryone and was reconimebded for use by Chicago newapapers. 'The standards set forth therein follow the customs and usages ln effect ln the office of 'the Cou nty Assesor, as well as in the hearinga conducted upon- complainte ýbefore the Board of Tax Appeals. and In, the trial of suits brought by the State's Attorney to recover taxés assesmed against personal property. Tepurpose. fhslté la to.urge that the 'New Trier Citizens' league recommend the use of, these standards to the eltitens of 14ew Trier to*nshlp An preparing personal property achedules. The adivantages to be gaintd Are, several. and clearly apparent. * The taxes upon real. estate are decreaaed to thie extent of the paymnent of personal property taxes., FeW realise that tehi 1gos- but ebelieve the personal propert y tax la just another tax.. In 1931 the personal property.tax represOnted, about 1 2% of the totalasaesàed value of ail property in Cook county. In 1932 the proportion waa high er. As this proportion increases, the tax whichý real estate must bear l9 lowered. In-the event no sehedule ls returned to the 'Township Asseassor within the time apecitied maltés it Impérative, under the law, for the assesor to estimate a value and-add a 60% penalty. Wo.Id Stininate Paymemta If owners of personal property are. eincouraged to voluntarily retur n a achedule upon an equitable basis a largeramnounit of personal pro5erty will be tI.,td. .ad, hat lmi.. ,mta ,~hpéirm. the a nýmmânt of sn,îa a* M-zef pmÜlt value of mortgage note Io 60% of face value or e*.U.v., auJurnt'. to 20% ........................... 600,00 16. Ali otiêer pereonal propert>j. Illustration: Aeroplanes, watercraft, etc. value by tneans. of deprecla- tion explalned above under Item No. 2 Total full value as liated . ........ ......:$4,566OQ Total Asseaed value (37% of full value)...........1:687.00 Tax (co<mputed: at eatimated rate of ;6.00>............101.22 Docs it not appear-to you that the.New..Trier Gitizens' I.eague wIlI be performingW a ' two- foId service to th oniîunity byutginigowner.-i (4îwr- sonal. property to return a schedule upon the basis outtined? Ibeg to remain, Sir, Most respeCtfully yours, ADELOR J. PETIT, JR., Firemen Get Many Cais But Damage ___ __ __ ___ __ __Reportéd Is SmaIl Tihe %week ending Tuesday, February 20, wvas one of the busiest, the Wilmette Fire department lias experienced, for some time, but tbe loss f rom> fires was com.paratively. smail. The. departmnent's Sruns for the week are summarized as be adaed tw te oatn appearing on the UcUOUUAO theO words 1Eaccrain5 W IJUUWI and usagé.'» It niight also be tated that the Supreme Court of Illinois bas held that tax- payera have the rlght to fix values accordiug tut their own beat Judgment, at the level prevailing for asseasment purposes for éther like property. Those taxpayers who arenot aware of the tustoan and usage referred to, are- unable te achedule upon a uniform basîs with thune who inake use of the prevailing standar"s Givet Stanclard of Va1liug T'he standards of valuing personal property mentioned herein are apeclfically called to your attention below. The item numbera corresp~ond tu the item numbers found on the 1933 sehedule. 1. Paeeu.ger Attomobia. See suppleenftary instruction sheet. Illustration : Ford Auto-1931 model. Factory Pice new $600.00 atYiO-4% ............... .......................... ........ 2. Traica ,8and Busspes. See supplemntary instructon sheet. Illustration: Ford, Delivery Truckê 1931 model-factory price new $600.00 leua 2 years' depreciation at 10% per Year $480.00 (thia figure~ may be uaed.wbeun n book value la obtainable) less an adjustment of 40%........................................................3288-00 3. See aupplementary instruction sheet 4. See supplementary instruction aheet à. See supplementary instruction aheet 6. See supplementary Instruction aheet 7.Hoitael&otd Furniture & Frubna See aupplementary instruction sheet. Illustration: This item lat. abuildinüg2uned asa realdence. valued for real estate taxes at a full fair market value cet, .20,000.00 has been found to average about 10% of auch value, or $2,O00.uO. Likewise, one year's rent la roughly equivalent to a fair value of houaehold gouda. Using a value of $2,000.00, if the average age la 14 yeara, depreclation at 10 % per yep.r for the tiret four years, and 5% per year for the next seven yeara results in the total maximum depreciation of 75% for such property and. an adjusted value of.......................5600.00 Walter Robinson, roa of Mr. and. Mrm Alfred Robinson, 1724, Highland avenue, Wilmette,, en- tertained the Sigma Pi Greek Let- ter club, of zwhich he u a charter, member, at his home last Saturdav etvening. Walter is a junior ai New Wednesday, February 14 - i l :30 a. mn., prairie ire at Laurel avenue and Sheridan road, no damage; 12:05 p. m., fire in> pile of lumber belonging to Ed- inger and Sons on Lake avenue, at the Skokie valley tracks,,five cords of wood burned; 12:55 p. m., 1311 Gregory ave- nue, woman locked out of lier home; 4:15 p. m., ire at the Big Tree farm on Glenview road. nue and Sherid~an roaa, ire in straw pile covering a portion of the pavement ; 6:20 p. mi., 710 Greenleaf avenue,ý cal to make an investigation.,of an Jroning. board blaze. Friday, February 16-7 :35 p. -m, aIutomobile,, blaze, at T 'enth street andi Greenleaf avenue, practically no damý- age to car; 1.l :55 p. m., pr airie ire in the 2500 block on, Birchwood lane. Saturday, February 17-Prairie ires at 1055 Ramona roati, 2112 Chestnut .350.001 ývalue of mortgaÉed prop- 'urrently and likellhood of 0 to 20% thereof. In g.aoeai standing use 90% otfsa r'- ij.. Mrs. Miles B. Geringer, 1000 Michi- ad gan avýenue, entertainedi -a group of ad Wilmette friends for luncheon and bride on Valentines day. oyerturned.