Wadnwday. May 1, 1957
MEDFORD (OREGON) MAIL TRIBUNE WOW
THERE'S ONE IN EVERY FAMILY Honey, a Pennsylvania black bear, has trouble
getting her fourth cub to line up at the Glenwood Park Zoo in Erie, Pa. For the sec
ond year in a row. Honey gave birth to quadruplets. According to the experts, triplets
are a rarity for bears and quadruplets are practically a phenomenon. The cubs are
3V4 months old.
Property Taxpayers Have Until
May 18 to File for Corrections-
Salem Oregon's property
taxpayers have until May 18 to
file petitions with county boards
of equalization for correction of
property assessments, Samuel B.
Stewart, State Tax commission
chairman, has announced.
Taxpayers who feel their
property is assessed too high
should obtain necessary peti
tions from the county assessor
or county clerk, Stewart said.
All county boards of equali
zation will convene on Monday,
May 13, to make the annual re
view of assessments in their re
spective ceunties. Oregon law ! true cash value using this post-
provides that a property owner ed ratio, can test the assessment
may appear in person or may
be represented by his attorney
before the board of equalization
when it considers petitions for
reductions of assessments.
Jackton Rati
The posted ratio in Jackson
county this year is set at 30 per
cent, according to Ray Schu
macher, county assessor.
County assessors are required
to post the ratio used in assess
ing property. Taxpayers, by
converting assessed value to
Majority Reports on
Inheritance, Gift
Taxes Go To House
Salem (U.R) Majority re
ports by the committee on taxa
tion recommending that two
Democratic tax bills boosting in
heritance and gift taxes should
pass were accepted by the House
Tuesday after minority reports
were defeated.
The bills were virtually as
sured of passing the House to
day. Vote killing the minority re
port on the inheritance bill was
39-19 and 38-20 on the gift tax
bill.
Rep. Clarence Barton, Coq-
uille Democrat and chairman of
Mother, Son Meet
After 32 Years
Miami Beach (U.R) Lester
Lee, 56, of Pensacola, Fla., said
it was "like a voice from the
dead" when his 82-year-old
mother spoke to him on a tele
phone after a 32-year separa
tion.
Lee and his mother, Mrs. Mae
Lynch, each thought the other
was dead until chance led to
their reunion here.
Lee said he came here to at
tend a mosquito control conven
tion and decided on the spur of
the moment to call an aunt, Mrs.
Stella Radenbush.
Another woman answered the
telephone and he asked for his
aunt. At first she was unbeliev
ing, but finally gasped: "Do you
know who you just talked with?
It was your mother."
Then Lee gasped.
He explained he left Pensa--cola
about 1925, traveled ex
tensively for about 10 years, and
returned to Pensacola to find
his mother gone. Her property
had been sold under circum
stances indicating she had died.
Mrs. Lynch said she moved to
New Jersey while her son was
traveling and wrote letters to
him in care of Pensacola general
delivery. When the mail was not
picked up, she said she assumed
he was dead.
Oregon Students
Win Scholarships
Evanston, 111. flJ.R) Nine
Oregon students were named to
day by the National Merit Schol
arship Corporation which chose
830 brilliant teen-agers as win
ners of college scholarships.
The 830 winners and the col
leges they have chosen to attend
will share more than $4 million
in scholarship aid provided by
57 companies and foundations.
Oregon winners included John
Trenholme, Eugene, California
Institute of Technology; J o h n
Champion; Pendleton, California
Institute of Technology; Sandra
Anderson, Portland, Reed Col
lege; Jo Anne Gevurtz, Portland,
Stanford; Irene Gordon, Port
land, Swarthmore; James Grew,
Portland. Stanford; James Wirth,
Portland, Notre Dame; William
Richter Salem, Willamette, and
Marjorie Simila, Salem, Ore
gon State College.
the House Taxation Committee,
said both bills were designed to
bring about equality among all
taxpayers of Oregon.
Rep. Vernon Cook, Gresham
Democrat, explained the maj
ority view of the tax committee
on House bill 797 which would
raise about $Z million dollars
in new inheritance tax revenue.
Cook said the heart of the bill
was not rate changes but the
fact that insurance of more than
$60,000 was taxed and also any
real property of more than $25,-
000 owned jointly by a husband
and wife. ,
Comparing Oregon rates with
California and Washington, Cook
said Oregon was still " the best
nlace to live and to die on
the West Coast."
California starts taxing insur
ance at $50,000 and Washington
at $40,000.
Rep. Wayne Giesy, Monroe
Republican, opposed taxing in
surance in his minority report.
He said insurance was the only
way young businessmen could
srotect their businesses, adding
that rate schedules in the bill
would compound taxes and cause
liquidation of many estates.
Rep. George Layman, New
berg Republican, went with the
Democratic majority in asserting
that the inheritance tax was rea
sonable. "A responsible minority
can't be against all new sources
of revenue if the rates aren't
unreasonable,"" Layman said.
Rates At Maximum
Barton said Oregon rates
reached their maximum of 23
per cent at $1,500,000 while
Washington's maximum of 25
per cent was effective at $25,000.
On the gift tax bill, House
bill 798, Giesy said the rates
doubled up depending on wheth
er or not the person receiving
the gift was a close relative or
not.
Cook said the purpose of the
gift tax was to prevent wealthy
persons from giving away their
money to avoide the inheritance
tax payments. He said not much
revenue was involved, but the
bill was important as a protect
ive measure.
Under the bill $5,000 a year
could be given to a relative tax
free.
on the property he owns.
True cash value by law is set
at 80, per cent of the market
value for real property, but for
personal property such as mer
chandise, livestock, and farm
equipment, true cash value is
usually 100 per cent.
To test the value placed on
the- property by the assessor, the
taxpayer would -have to make
two calculations, first, to find
the true cash value, and second,
to find the market value.
First Computation
The first computation is to di
vide the assessed value as shown
on the tax roll by the posted ra
tio. This will jndicate the true
cash value of the property. Sec
ond, he must divide the true
cash value by 80 per cent to ob
tain the market value. Then,
with the market value calculat
ed, he can readily make the
comparison between his idea of
the valuation of the property
and the assessor's market value.
For example, if the assessed
value of a home is shown on the
tax statement or the assessment
roll as $2,000, and the posted
ratio is 25 per cent, then divid
ing $2,000 by .25, a true cash
value of $8,000 is found. This
true cash value, figure is then
divided by 80 per cent to deter
mine the market value of the
property which, in this case,
would be $10,000.
Posted Ratio t .
This use of the posted ratio
will enable property owners to
make a simple comparison of
their assessments. If, after mak
ing these calculations, they find
they are assessed too high, they
have a case for appeal to the
board of equalization for adjustment.
Any taxpayer planning to ap
peal to the board of equaliza
tion should first review his as
sessment with the county asses
sor. If the assessor makes no ad
justment, the taxpayer has the
privilege of placing his case,
prior to May 18, before the
county board for further consideration.
If the board of equalization
does not give the requested re
lief, the taxpayer can then con
tinue his appeal at a later date
to the State Tax commission,
thence into the courts..
County boards are not re
quired to consider appeals that
are filed after the May 18 dead
line, Stewart pointed out
50 DIFFERENCES
Washington (U.R) Rep.
Glenn Cunningham (R-Neb.) to
day told his constituents in a
newsletter about an "unfortun
ately but true" saying making
the rounds here: If you owe
$50. you're a piker; if you owe
$50,000, you're a businessman;
if you owe $o0 million, you re a
tycoon; and if you owe $50 bil
lion, you re the government.
"I'm
city's
MISPLACED MELODY
Sioux Falls, S.D. U.R)
from Sioux Falls," the
new official song, was written
by Lloyd Norling, who's from
Evanston, 111., It was announced
Tuesday.
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