The Ownership Tenure And Taxation of Land Electronic Resource Some Facts F
The Ownership Tenure And Taxation of Land Electronic Resource Some Facts F
Thomas Palmer Whittaker
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But if the method of fixing the price to be paid for the land be a fair and reasonable one and until a better method can be suggested we must assume that it is then we are entitled to take it that the price paid was a just price. Doubtless the method of arriving at the price might be simplified and cheapened with advantage to all concerned ; but that would not affect the price arrived at, and it is the price that is attacked and denounced. What bearing on the question of price has the fact, if ...it be a fact, that in one case it was 465 and in the other 2000 years' purchase of the annual value at which it was assessed for rating purposes ? If the assessment is an absurd or anomalous one, that is no reason why the price paid for the land should also be absurd, anomalous, and unjust. It is simply childish to talk of forty years' purchase of the assessment value being "a liberal price, " and then to say, with a great show of righteous indignation, "but the law gives him fifty times this sum.
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