Article X
Sec. 7: All assessments hereafter authorized shall be on property at its cash value. To the value of $1,000, the household goods, provisions, live stock, tools, and stock of his trade, owned by any householder, shall be exempt from all taxation other than to pay public debts heretofore incurred; and the homestead owned and occupied by any householder shall to the extent of $3,000 be exempt from all taxation other than to pay public debts heretofore incurred, and for special benefit assessments for ways. Until 30 days after any assessment roll is completed, filed, and the fact announced in the newspaper believed by the assessing officer to have the largest circulation in the taxing district any person having an interest in any property assessed may determine the assessed value of such interest by depositing with the assessing officer a duly executed offer to sell such property interest (describing it) at any named price, which price shall thereupon become the assessed value of such interest; which offer may be accepted at any time within 60 days after the roll was announced by any person first depositing such price in cash with the county treasurer of the county where such property is located, payable to the order of the offeror upon deposit of a duly executed conveyance of such interest to the acceptor, who may have a decree of specific performance, and the state shall be responsible for the money so deposited.
