Note 65 — V CORRUPTION IN BUSINESS AND POLITICS

The assumption is not extreme. In the pamphlet referred to it is held that by the various means proposed, Cincinnati’s (then) rate of 2.96 per cent. might be reduced to 0.75 per cent. “When the real estate of the state of Kansas was revalued by the Tax Commission,” according to Mr. Foote, “the valuation was increased 484 per cent.” Of course real increase of property values through considerable periods of time accounts in part for such totals whenever assessment periods are a number of years apart.