New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-08-12

reports OF the Department of Buildings the following
figures are presented:
Estimated cost q budng' be erected April 1870 % ooa 400
q buildings to b. erected April Dec ,.o
E.ii5aisd cos, d ,iCSs f6ans. April 1900
E%se sot Of ssicG; Of buildings, April ,7o
Aiosss cost new iaa: and building Improvements
jan 10 April 1870 V4o,II
Total esu.te Of value Of budDgs Jan
A. against these figures the report presents the
for the three WIN
provement estimates which, according 20 the taOn d
statement. Is follows: ISL s7OOOoo; 1871 sSo0voi
1873, $50 5CO90; total, SsASOotoO or IN exae1 uir
tel SoS These figures are then thrown lh'o taou
estimated Increase building vain.
Increase Of assessments FOR The seeru following years.
E.e, of increased value over increased '' 400 oss ia
Tn rrSy TO the possible objection that ali the proposed
improvements not have been elected tne report
nv tbs fact that tb estimated cost Of Improvements al
most invariably falls below the sctgal cost &, .,,
Twelfth NneieentS ana Twenty Wards, it is
claimed that these Wards cover 90 per cent or ABOUT
thrceffths OF the entire Of the city, IL Is also
claimed that many millions have been spent IN splen
did improvements the expense OF when mas oe Pn;e OF
ence particular 20 the most elegant avenue
tbrg h the Nineteenth Ward and 1t IS stated that the
advance yaiuc OF Its lots has been such as almost 10
parayze the efforts OF the assessor 70 Keep pace
liz Is also estimated that IN 1872 the taxpayers at large
contributed Sl596 50 toward the expenses OF slnkhg
~
is claimed almost entirely acerues 70 the Nineteenth
Ward These points emphasized al length the ph OF
the whole argument being that the EXTENDED area anu
costly public improvement In these wards justly inc
increase S3),C43.265 in the assessed valuation IT,. 1.
v. Tie point made is kind OF Rule OF Tnree 70
Jus the of assessments 10 the l2th lSth ana
22d Wares. The following is ITS statement, the Dgures
beng aggregates for three years;
AS the new buildings IN the whole city, 6Ol are 10
SS76 in The three upper wards should the ota
valuation IN those wards $C039O740 Tue actual increase
in valuation these three wards Is S627546 or an
Only S2,35i35 Should anything more Oe neeueu
20 how totally uDfOunded are the compihInts VI
discriminate against these upper wardst -,
The is based the RAPID Changes
take place in the derdbity OF different sections OF the
city tue being that the upper part OF te Guy
now coming great demand, and that me Rt4-PaycIs
there being OF land OF greatly lncreasSu
value should shrink from paying prop0rtlOhatsY
Inch taxes This argument is accompanied by reclta
of a number Of sudden changes IN the ueSlraDht! VI
downtown streets for different business purposes VIC
following statement occurring:
values OF real estate have been largely anecteu Dy
each movement this character and IL has frequently
occurred that the OF property IN Front Water
Pearl. Stone. South. William, Greenwich, washington,
West Ncsey, and many other streets nave peeh
suddenly aroused by the results OF an auction SAFE ao
property assessed for 10 20 cent more han they
can sell ior Such discoveries force reduction OF as
Yet for 1873 10 Is probably true hat tne as
upon property below Grands are from ~ 10
tethst allowing both to be placed upon the market
upon the same terms and conditions" .
conclusion, the report regrets " the very great us
parity the rate OF valuation in NewYork ana In
nearly all other counties In the State, anu ADDS
that Commissioners, conscious OF integrity OF pur
pose will go the discharge of their delicate ana
responsible duties, Invested OF all prejudice or prefer
bnce."