LOCAL GOVERNMENT AND TAXATION 



67 



are also published separately for each county, but for school districts 

 the amounts are summarized by counties. The receipts and payments 

 of village districts are omitted from the commission's report. 



Towns 



The accompanying tables which show the amount and distribution 

 of receipt and payment items are state totals for all towns and cities. 

 All money received and all money paid out are included, even though 

 a large proportion of the taxes assessed and collected locally is paid 

 over to other units of government. Thus the revenue from the prop- 

 erty tax represents the total amount of taxes levied against property, 

 and collected locally, in the state of New Hampshire. 



The amount and distribution of the revenues from local taxes, 

 from state-collected taxes, and the total from other sources for the 

 fiscal year ended January 31, 1940 are shown in Table 13. Local taxes, 

 including those from property, polls, and national bank stock, amount- 

 ed to more than 20 million dollars and constituted 78.6 percent of the 

 total receipts. Taxes collected by the state and returned to towns 

 and cities constituted only 4.4 percent of total receipts. By far the 

 largest part of these state-collected taxes was derived from two 

 sources, namely, the interest and dividend tax and the savings bank 

 tax. Only 17.0 percent of the total receipts was from all other sources. 



Table 14. The Amounts and Percentage Distribution of Nontax Revenues, 

 New Hampshire Towns and Cities, Fiscal Year Ended January 

 31, 1940* 



Annual report of the State Tax Commission, 1940. 



