The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-18
REAL ESTATE MATTERS.
The Influence of the New Municipal Dispen.
sntien ON City Property-BrOolxIyn Behind
Cause of Stagnation There From Ose Who
Knows HolF IL IL Himself.

The Influence Of the New Municipal Dispcn.
sntisn on City Property-BroolkIyn Behind
Cause Of Stagnation There From O.e Who
Knows HolF II IL Himself.
Perhaps the most interesting event OF the year in
connection with the real estate OF this city has been
the recent practical measures inaugurated by the
new Board Of ApportIonment looking to reduction
OF taxation. II cannot he eenied that while
other influences have been largely at work
to produce stagnation in the real estate
market, such as overspeculation and the
Ike. the steady Increase In the burden
OF taxation. winch has been IN progress for SO
umn, ,anrs with seemingly no prospect OF reaching
a limit. nnsfated very powerfully TO check invest.
nents In that description OF property upon winch
this Increasing taxation bore $780,
.i's s nv ..r- uirecry--viz,
real estate. 10 find this state OF things suddenly
changed, ana the an;icpations ami fears for the
future OF heavier burdens all at arrested must
naturally produce very material change OF DIS
position In this regard and reaction OF feeling in
respect TO real estate values.
IL IL not because OF the sum that has been cut OF
this year from the aggregate amount required 10 be
raised for city and county purposes that We derive
ihis inference This Is good, however, and is ma
tcrial Hut II Is the changed policy, the Inaugural
ton OF reform In this direction and the promise OF
greater fruits ncid out Tor the future. With the
evidence before us Of conscientious deter
mlna.ion " carry out the pledges OF re-
ucnenment made ut the time the new charter
was asked nom The Legislature which Is
furnished Ia the reduction OF saarc5-tlle most I'M
welcome form 10 their cteatette which this retrcnch-
melt couil tnke- we cannot DOUBT the earnestneas
81 purpose of our present rulers In the new municipal
dlnpcnsailon they have started. That It's influence
np0n real estate ~ such ~ We have stated the fol-
lowing letter from Brook yn-wherc tho reverse Is
stu tue prevailing character OF local government
nom one VINO Sa.s himself "a Sulcrcr,u gives
ample proof
ssh the opporirniv, through your Influential formal To
call tks attention Or Toe public the present coalition Of
nnic pal Affairs IN tna ely BROOKLYN The corruptpns
snd stIssagsncs existing and the rotberes on property
oNnn- tssU pcc0re - hold aad barcfacc panic
AAtn p-srsson 81 those WHO have
nas fner masters the public servants have rot them by
The hfoat aud are grinding them POWDER Real estate
fapios sAns IN raiei one writer truly says
crpfecaes iniy iwcniy cent within the rsst yrarr
Avenues and streets have been rcpaved with reok css
oes tofdring on desperation: with costly and worthless
pasemenisr whrh after -four years will nave 10 he
fortunate owners truly derorabe QUO OF assess.
ments or these temporary have been cdnIrncd
np - his i4ie with several acted upon which
WI swell tar aggregate 70 ~ OuO
ue great bulk Of wh.ch within thc rast
so yea Tan Brooklyn property major par OF which
Of smell value, stand these crushing ex
pensesr Many small pieccs II real estss have
been Assessed IRON twenty twenty per cent on thc
f value, which aided u the enormous yearly tares
III ruin many small Oar worthy Mayor has falih
fes raeca be veto "a tns for the ssans cy bonds n