Reports Of The Committees On Taxation Of The Citizens Association Of Chicago

Author : Citizens' Association of Chicago
Publisher :
ISBN 13 : 9781332189496
Total Pages : 352 pages
Book Rating : 4.1/5 (894 download)

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Download or read book Reports of the Committees on Taxation of the Citizens' Association of Chicago written by Citizens' Association of Chicago and published by . This book was released on 2015-08-04 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Reports of the Committees on Taxation of the Citizens' Association of Chicago: Made September 26th, 1874 and December 3d, 1874 To the Executive Committee of the Citizens Association of Chicago: The Committee on Taxation appointed by you, beg leave to submit the following preliminary Report: The subject of taxation is so vast and complex that it would be the work of years rather than of days to examine carefully and discuss fully its many branches and the various questions connected with it. But there are so many and such serious defects in the tax system now in operation in Chicago that your committee deem it advisable to call attention at once to some of its most palpable evils, and to suggest remedies for them, reserving more intricate matters for the fuller consideration which they demand. Unequal Assessments Of Valuation. The gravest of these evils and that which works the greatest injustice, is the wide inequality in the assessments of valuation, particularly those upon which state, county and town taxes are based. In consequence of this inequality, some individuals pay a two, three, and in some instances ten-fold greater tax in proportion to the real value of their property, than other owners in the same town. That this is not an over statement, the following instances, carefully verified by your committee, will testify. They all occur in the assessment for 1873, upon which taxes are now being paid. In one town its Assessor assessed one very valuable piece of improved business property at a little less than six percent, of its real value, another large tract, docked, and used for lumber yards at twenty percent, of its real value, and still another large and valuable property, built up with residences, at ninety percent, of its real value. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.