TABLE NO. 5. Table No. 5 includes the total assessed valuation of the real and personal property of the State from 1899 to 1904, inclusive, also the assessed valuation of each county for the same period. The table also includes the equalization by boards of supervisors of the same counties for the years mentioned, the total equalized valuation of them by said boards, and the equalization of all counties as fixed by the State Board for the years 1896 and 1901. The equalization by the State Board in 1891 was $1,130,000,000, and in 1896, $1,105,100,000, a decrease of $25,000,000 in round numbers. In 1899 the assessment of property in the State had only reached $968,189,000, or $136,911,000 less than the equalized value of 1896. The State Board of Equalization in 1901 fixed the equalized value of the State at $1,578,100,000, an increase of $478,000,000, the greatest known in the history of the State. The assessed valuation of the State for the year 1904 (the same time having elapsed since the equalization of 1901 as in case of comparisons after equalization of 1896) is $1,529,969,350, or only $48,130,650 less than amount fixed by the State Board in 1901. In other words, on the basis of an equalization in 1896, $25,000,000 less than the one preceding it, assessments three years afterwards fall short of the amount fixed by the State Board $136,911,000, while three years after the equalization of 1901, which added $478,100,000 to the amount fixed as the equalized value of the State in 1896, the assessed value is within a little over $40,000,000 of the equalized value of 1901. The assessments following the equalization of 1896, which are spoken of, were without State supervision. The assessments following 1901 have been made under the advisory and corrective powers of our Board. TABLE NO. 6. Table No. 6 shows the assessed valuation of the real estate in incorporated cities from 1899 to 1904 inclusive, both as to each city and the total value of such property for each of the years named. Also the increase or decrease of valuations individually and collectively of said cities. This is to be found in column 7. The cities of Hancock, Beaverton, Manistique, Muskegon Heights, Omer, Onaway, St. Johns, South Haven and Standish have been incorporated since 1899, therefore are not included in column showing increases. In the remaining cities the aggregate gain has been $140,810,917, or about 40 per cent of the increase in the entire State. |