Report of the Special Tax Commission of Maine; Appointed Under Resolve of the Legislature Approved March 8th, 1889

Report of the Special Tax Commission of Maine; Appointed Under Resolve of the Legislature Approved March 8th, 1889

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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. 1890 edition. Excerpt: ... of the mortgagee's interest to be assessed in each place shall be proportioned to the assessed value in the respective places of the mortgaged real estate, deducting therefrom the taxable amount of prior mortgages if any thereon. Sect. 14. If any holder of such a mortgage fails to file in the assessors' office a full statement as provided in the preceding section, the amount stated in the mortgage shall be conclusive as to the extent of such interest; but the mortgagee's interest in such real estate shall not be assessed at a greater sum than the fair cash valuation of the land and the structures thereon or affixed thereto; and the amount of a mortgage interest in an estate that has been divided after the creation of such mortgage shall not be required to be apportioned upon the several parts of such estate, except as provided in section twenty-six. Sect. 15. Mortgagors and mortgagees of real estate shall, for the purposes of taxation, be deemed joint owners until the mortgagee takes possession; and until such possession is taken by a first mortgagee, the assessors or the collector of taxes, upon application toany one of them, shall give to any such mortgagee.or mortgagor a tax bill showing the whole tax on the mortgaged estate, and the amount included in the valuation thereof as the interest of each mortgagee ar of the mortgagor respectively. If the first mort-.t. is in possession, he shall be deemed sole owner1; any other mortgagee in possession shall be deemecl joint owner with prior mortgagees. Sect. 16., Deeds of real estate absolute in form butgiven as secirfty fey loans, are, for the purposes of taxatiq. '" be treated as mortgagesT Wood, Bark and Timber under Contract. Sect. 17. Whenever the owner of real estate notifies standing...
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Product details

  • Paperback | 66 pages
  • 189 x 246 x 4mm | 136g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236576446
  • 9781236576446