. Bulletin - Massachusetts Agricultural Experiment Station. Agriculture. 92 MASS. EXPERIMENT STATION BULLETIN 16^. Cost of Local Storage. The usual items in the cost of storage have been considered, but since rates and methods of insurance and taxation differ in various sections, a brief explanation of the figures used in our computation seems advisable. The valuations of storages and equipments were furnished by their owners. Five per cent, of the valuation was allowed for interest. The tax rate vaiied in 1915 from to S20 per .$1,000; hence, the flat rate of $17 per $1,000 was used. Th
. Bulletin - Massachusetts Agricultural Experiment Station. Agriculture. 92 MASS. EXPERIMENT STATION BULLETIN 16^. Cost of Local Storage. The usual items in the cost of storage have been considered, but since rates and methods of insurance and taxation differ in various sections, a brief explanation of the figures used in our computation seems advisable. The valuations of storages and equipments were furnished by their owners. Five per cent, of the valuation was allowed for interest. The tax rate vaiied in 1915 from to S20 per .$1,000; hence, the flat rate of $17 per $1,000 was used. There seems to be no uniform principle upon which. Fig. 24. — The first onion storage built west of the Connecticut River, at South Deerfield. This storage is still used. The pile of rotten onions on the left is an illustration of loss through shrinkage. storages and equipment are assessed for taxation, but in every instance studied the assessment never exceeded 65 per cent, of the actual value as given by the owners; hence, this maximum ratio was used as the basis of taxation. Insiirance. The rate of insurance on buildings varies according to the location of the building and the material of which it is built. The usual rate, how- ever, is $ per $100 per year. The total valuation of storages and equipment was given as $211,000; therefore, $200,000 seemed a generous estimate of the insurance carried. Few reliable figures could be secured upon onion insurance. A good many of the onions are not insured, while others are insured only at a certain percentage of their actual value. In view of this difference in. Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of these illustrations may not perfectly resemble the original Massachusetts Agricultural Experiment Station. Amherst, : Massachusetts Agricultural Experiment Station, 1907-1974
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