The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-28
REAL ESTATE.

The Cry Concerning Over Taxation-A
Poor Rule That Will Not Work Both
observation-disclosures Prices No Critic
.rfon for Present values-The Eastern
Boulevard-Sales To BE Held.
Real estate matters for the past week demon
strated nothing beyond the fact that it has been
the dullest we have had, thus far, this year. The
market has been as nat as the most compressed
nounder, and operators, spectators and dealers
only the few who belong to the can't-get-away
club, however-have felt not much better. The
nercely hot weather OF the past few days was sum-
cent to suppress any kind Of operations in ITSELF
yet the solstice had most powerful ally In level
Ting business in the shape OF the cry OF "Wolfp'
raised by our city Solons on the subject
of excessive and extortionate taxations in the
upper part of the city. Persons well posted on
the steady and healthy increase OF the values
IN uptown property looked upon this sensational
,bugbear cum 0rdno salts and made due allowance
for "overratings" AS long as parties are the for
.tunate owners OF eligible real estate and see a
prospect ahead Of prices likely to increase they
are fearful bulls, and stand ready at any time to
s.goreu the opposition element into the steady
belief OF their doctrine. At the same time they are
greedy enough to hold on to their possessions at
taking into consideration the rapid enhancement
Of rates, Of which the city government officials
tain Cuttle's advice. "when found make note
ont" the assessments must keep In ratio with i'm
proved values. This doctrine, however, Is not
palatable to these gentlemen, who dispute
the idea OF being mulcted In larger
payments for taxes than their property was
valued at before the prices became elevated" II
o lot purchased before the war was worth $4,000
aDd rated on the tax rolls at 81, 500 and the same
plot has since attained value OF $40, 900 and
taxed for $sO0O the owner thereof has ne right to
complain OF Overtaxation, but, on the contrary
ought to pay his increased rating cheeriuly, as he
can well afford 1t In proportion to the enhancement
Since the subject OF overtaxation In the Twelfth
Nineteenth and Twenty second wards came up in
the course OF regular business in the Board Of
supervisors the widest excitement has ex-
listed among owners OF property. Great
things have been and are expected OF the
committee now holding daily session, but so far
THE EASTERN BOULEVARD,
80 run between Eighty-sixth and 10th Streets
measure passed by the last Legislature-is In a
fair way or being commenced very soon. COmmis-
eioner George NJ. Van Mort has invited Mr.. John
Crazy member OF Assembly from the Twenty-frs
district, VINO was instrumental In having the bill
passed, and q number Of prominent Harlem tax
payers and property owners to meet and consult
with him regard, to the route to be laid out. This
new boulevard must necessarily be Of great benent
to east side property, as 1t opens up continuous
drive to the Harlem River.
SUBURBAN SALES
during the past week have been dull those in
the city,
At private sale we have received the report that
r. " Harnett has sold for ex-Sherif John Kelly
his seaside villa at Far kockawsy. to G. Horgan,
H. K Drew & Co. report having sold the dwelling
house No. IL East Forty first street, 22x55xl00 Tor
t3S,500 cash