Biennial Report - Wisconsin Tax Commission Volume a - 4

Biennial Report - Wisconsin Tax Commission Volume a - 4

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909 edition. Excerpt: ... cover the part he considers within his district leaving others to do the same. Of course the taxes extended against assessments so made are not legally enforcible except perhaps in the district in which the entire property should have been assessed, but usually, it is believed, the irregularity has been waived by voluntary payment of the taxes. Where attempts have been made to follow the statute, the assessors have sometimes been unable to agree on the basis for the tax apportionment, and no provisions exist for the adjustment of the matter where such disagreement occurs. There are no provisions requiring the owners of such properties to furnish the data needful for making the apportionment; nor are there adequate provisions for securing the information requisite for making an intelligent valuation of the property and franchises as a whole. The situation is sometimes further complicated by the fact that some portion of the property used in a public service business is also used in part for some enterprise wholly private in character. For example, a corporation engaged in an electric lighting business as a public service enterprise utilizes a water power plant for generating the electric current used in lighting, but also uses a portion of th? pow?r of the same plant for some private manufacturing business. The conundrum thus presented will be appreciated when it is realized that the assessment method to be followed must be determined by the character of the use to which thq property is devoted. Where the use is dual--in part for a public and in part for a private purpose--shall the predominating use give character to the whole? Shall any appreciable devotion to a public sendee use bring the entire property under the unit rule or method of...
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Product details

  • Paperback | 46 pages
  • 189 x 246 x 3mm | 100g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236527534
  • 9781236527530