[no source, no date]
TNT RESIDENTS WILL
NOT HAVE TO PAY ’42 TAXES
Government Handed
Down A Recent Decision That May Cost This County About $4500
GOV’T MAY REPAY
County Officials Are
Hopeful Money Will Be Forthcoming From Some Source
Contrary to
an early announcement, 1941 real estate taxes will not be paid by former property
owners of the TNT area, county officials and the land purchaser have been
informed by the Government.
The tax
money on the estimated $500,000 assessment for the area will amount to about
$4500, according to a recent check made by the county court.
Payment for
the land by the Government started the middle of December and 1941 tax money
was held in escrow. However the announcement came that the people would not
have to pay taxes for any period after 1940 and the checks were again made out
in full.
Although
the county faces the loss of the money this year, a slight increase in the
county general fund tax rate for 1942 will make up the difference. Even with
the proposed increase the 1942 taxes will be lower than at the present time
because of the redemption of the $1,000,000 road bonds.
County
officials intimated that the Government has under consideration the
reimbursement to this county to make up for the tax loss but no decision has
been rendered at this time.
==========
[no source, no date]
COUNTY FACES YEARLY
LOSS OF $7,000 IN TAXES
Estimated Revenue Cut
From Loss of Taxable Property In the TNT Plant Area
AFFECT BUDGET
County Court Making A
Study Before Alloting Money To Be Spent During Year In this County
With St.
Charles county facing a tax loss of approximately $7,000 a year because of the
Weldon Spring TNT plant, county court officials today were making an accurate
check before drawing up the new county budget.
The real
estate and personal property assessment for the area absorbed for the powder
plant is roughly estimated at $750,000. Exclusive of the school taxes a total
of about $8,200 in taxes was collected from the former residents of that area
each year. Of this amount about $6,800 was on real estate and $1,400 on
personal property.
While the
real estate assessment is being wiped off the books, majority of the people
have moved to new farms and homes in this county and their personal property
will be subject to assessment.
The 14,000
acre tract contains 247 pieces of property, records reveal.
The county
court will have to adjust their budget to meet the revenue loss.
