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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 1, 1972, Lethbridge, Alberta -Wwlntidoy, Nmmkir THI LtTHMIDOl HRALD Demand for tax reform is coming from every quarter in U.S. By MICHAEL .7. SN1FFEN WASHINGTON (AP) A great tidal wave of relorm is about to break over the bed- rock of local governments in the United States: the prop- erty tax levied on home- owners. The demand for reform comes from every quater; homeowners and renters, par- ents of school children and the assessed, state and federal of- ficials, economists, tax ex- perts, mayors, governors and even presidential candidates. All the current talk ot re- form was sparked Aug. 30, 1971, when the California Su- preme Court ruled that it was unconstitutional to f i n a n c e public schools primarily from the property tax raised In each local community be- cause this discrimina ted against poor districts. Six courts In other stales have made essentially the same ruling and one lest case is to be heard during the current session of Ihe U.S. Supreme Court. But the taxpayer revolt has been growing for years. In 1070, a study by Educational Research Service found 46.8 per cenl of the school bond issues submitted lo referen- dum were rejected and 47.9 per cent of school budget or tax rate referendums were voted down. In the first sii months of this year, another study found, voters defeated 53 per cent of state and local bond issues. HOMEOWNERS SUFFER Why? Because the property tax has been rising so fast. One homeowner in the Chi- cago suburb of Des Plalnes with a house worth will pay property taxes of this year on the as- sessed value of the house, This Is up from an as- sessment of and a tax of in 1908 and an as- sessment of and a tax of in 1966. In the Tijunga section of Los Angeles, one resident has seen the property tax on his home go from five years ago lo three years ago to this year while the as- sessed value of his home went from to He esti- mates that the house is worth An Atlanta man whose house is assessed at has seen his property tax more than double in five years. It was five years ago, three years ago and this year. These real cases Illustrate another of the problems stalk- ing anybody who would re- form ihe property tax: the wide variations, sometimes even In the same neighbor- hoods, in the assessments local governments set on property as the basis for the tax. In the Illinois and California illustrations, the assessments are at roughly a quarter of market value. But in the At- lanta instance, the assessment is 40 per cent of worth. WANT TAXES REDUCED So now the cry la out for piuperty A recent Fortune magazine survey found special tax study committees either proposed, at work or finished in 3V stales. In California in IK9 and In New Jersey and New York this year, state study commissions urged the state to take over the cost of public education. A similar recom- mendation came this year from the President'! eanmlf- iloQ on school finance. BATHROOM Pkg. TISSUE TOMATOES CHEEZ-WHIZ PEAS hCORN CONTADINA Canada Grade Choice (Product of U.S.A.) 28 fl. 01. tins U. NET WT. JAR MOftDEN MANOR STANDARD 14 fl. tint for FACIAL TISSUE WHITE SWAN ISO's 2 ply.....pkg. SSSJBW STEAK OR ROAST Fresh, Lean.Jb. PORK BUTT SMOKED SIDE BACON NABOB COFFEE Mb. net wt. pkg. Swift's Eversweet Slked, Rindless Mb. net wt. Store Locations 7075 Mayer Magrath Drive "CoMeoo Moll" 420 6th Street South "Downtown" 324 Mayor Magralh Drive Store Hours Open Dolly 9 a.m. to 6 p.m. Thunday and Friday 9 a.m. to 9 p.m. SNOW WHITE CANADA FANCY DEUCIOUs' ORIGINATED IN AlBERTA FOR ALBERTA IAMILIES. ;