116 



STATION BULLETIN 346 



APPENDIX 6 



CLASSIFICATION OF PROPERTY SUBJECT TO LOCAL 

 TAXATION, AND THE DETAIL OF PROPERTY TAX 



EXEMPTIONS 



Property class 



Kinds of property included 

 in each class 



Property tax 

 exemptions 



Lands and buildings All improved and unim- 

 proved lands and improve- 

 ments, exclusive of real es- 

 tate listed below. 



Electric utilities 



Other real estate 



Stock in trade 



Property of electric utilities: 

 lands, dams, canals, water 

 power, buildings, structures, 

 machinery, dynamos, appa- 

 ratus, poles, wires, and fix- 

 tures. 



Locks 



Canals 



Toll bridges 



Wharves 



Ferries 



Aqueducts 



Average inventory for a full 

 \'ear of merchants' raw 

 materials, goods in process 

 of manufacture, and finished 

 products of manufacturers. 

 •Also fishing and other ves- 

 sels used for transportation 

 of passengers or freight. 



Ordinary exemptions al- 

 lowed institutions devoted 

 to educational, charitable, 

 and religious purposes, but 

 not to exceed $150,000, un- 

 less otherwise voted at 

 town meeting. 



Ten years' exemption to 

 owners of swamp or swale 

 lands when such is im- 

 proved for purposes of agri- 

 culture. 



Growing timber on wood- 

 lands, not exceeding 100 

 acres when value of growth 

 does not exceed $25 per 

 acre, and when potential 

 yield is not less than 25,000 

 board feet of merchantable 

 timber per acre. 



No 



ne. 



None. 

 None. 

 None. 

 None. 

 None. 

 None. 



Tobacco products carried 

 by licensed dealers and dis- 

 tributors. (See Tobacco Tax 

 Act, Chapter 167, Session 

 Laws 1939.) 



