Iowa's Tax Levy Lowered

Des Moines, la., Aug. 14.—The state executive council has fixed the state tax levy for the year of the biennial period, beginning July 1, at 2.09 mills. The new levy is three-tenths of a mill less than the levy fixed last year. In addition to this reduction there has been a reduction of about $20,000.000 in the assessed valuation of the state. Every kind of property has been assessed at these rates, except one item, corporation stocks. The total reduction amounts to about 10 per cent. The entire reduction comes on land and on items of personal property, aside from live stock.