The New York herald., 1874-07-28
The CIYY'S GROWING WEALTH,
Quarterly Report of the Tax
Department.
THE EFFECTS OF THE PANIC.
Revision Of the ASSeSSme
Laws.

the Mayor
To the Hon VII. W,.,rA. 4, p, r gAyrsrrrH Mayor
srS 1SeCSssarily results Of
and the ths assess
ne Sa as ssa cs @ n1s
the period axed by law uhst is between the rsi Mon
afy s were aarns p%a %Gnaay ~ n ysn
ne a Of EsS% s ssa R al s I
ing severity during the term included the sioremen
New York CITY felt the shock arst and most Aw.v.a
s Of e uras 6 ss
s $ o hs ISL c be
dsheartening In view Of this state ot things the
% n s
under Inc process Of revision and CORRECTION decline at
ton proved 70 be only sSeu. so oo9ooa a.. ,.s 40,
The decrease on non resident personal estate is
The decrease on the capital OF banks is s2762s3 or
It's re@artspIe fact thar the diminuten in the
Gi
Than thavsrase dimnution in value Of the merchan-
base BASED @ ndise: p
fly Of the business classes upon whom they are in
TSs spparens decrease in assessment is larger than
the actual decrease as based upon the Nominal as
e s & G sSm U
Rs I ssns aa a & rs s sseu %
se GGT or e ns forth IN the
N the value Of =
s' .fsSSs
a o @ & ihs Sc
Ss
is occasioned by failure BANKS reduction
S"n
Ws to be- sss oee Mshe e figures for 1874
adequately the actual diminnton in the yaiae
and by rs
and othes @
s ae rsT n1 Of s1 Of Is s afs
Which they would fee justified in verifying by oath and
% nfe e ee osr s Be IN
veal in full the consequences OF the commercial dsas
thai 1873 in the twenty two Old wards Of the city,
er Years
to The % II in The The
@arsss ssf%'s and prspsIy sa!ay
sny Of as S. ss of ssi water
TO defer action, tor reasonable period to ascer;
san e
sed as ana Changes its vaaatons in proporton An
"a n as nnd s s
IN. nSs M %sS az ns
oi starnation and gives rise 70 the plausible but
posg
year the assessed value has been advanced. TO com.
sSE 9s
the We're increased is enough the
Ses Sne Tsa 20 or tae ss
The increase arise
n sa noM Of for the 1, ee nS
pine TSe asses ssssssmsnss sne Tssin have been 70,
Ss pRs5sr IN ay sa Sss as
Of an eSs he 4 a4d T N @
gree-such as police and are lighted Streets
worth Noticing IN III. this that while the
s5ssHs t e. "a
COUNTY Tie Dsnsi Of wSicS shared By Tsr.
lar below that OF the outer ward of this city.
In their report for 1873 The Commissioners referred to
the disparity in the raS Of valuation IN the eiy Of New
soanss in G state and exp the hope that tie
state Board Of would o. I Least IN par AZ
@ % s
o w e
por! ths ssts SSsfa Eaas!iss,icn base Ssir ssaoS
they tailed 70 recommend any concession III that be the
The state ssors their report the Legislature.
give in .6ust torn The Of e yausoa al, used 1
New York In regard to the valuations IN this city the
Sn1
paTmsn and citing single instance nc 81 alleged M sh unSsr
gather taking large rapidly increasing wealth
o nj @
@ panlns 50 tal as we s are
ohe basis valuation being the same whether cash Or
sales ON tme than the average OF the state outside the
"we, therefore, feel justified in having recom%ended
1873 the city and county of New York be eauaized atia
will be observed that this conclusion is based upon
s s @ cy as ns and S sns
Both these propositions are certainly r. ain eat
large but not for imposing upon
aesation that there has been heavy depreciaon in
many parts the State may be admitted as true
question remaining whether ali the properly in The
is once conceded that the city has immense and
the expense Of the state II At her own proper cost
s city e pS s
SCHOOLS ss es Ss am snd
aud delights In spacious parks ana surely tns
Sese aasaDsses ssssO" Cannot with any
be ru%s4 %s. % S4so 9sss % '
any other portion the d state eme other, follow were
the STATE % a. Ssr
pTssea,ea psss,Sn
disparity the rac Of Of Mew
.od aI% il the 9srGr sG5 :SSS sisss
s s wos assessed 'G FOR $3.50 snohcr Bought prop
ri s S ."d % an
other similar might be stated.
| lncreas se of real estate valuation in State ex-
cept New York and Kings countess In ~. o..
thirteen years ~'''
-or Ill per cent .,s,,,,,s
Increase In city same period. sio'Au'
or 10 $40 per cent -, A..
results may seem sS they are sv es ss
fairly stituted to the values ana assessments upon
Rv the census OF 1850 the value OF the farming
implements and live stock In this state 9y
And by the OF 1870 USSOZ%
This leaves view the various and countless other
forms of personal property whtch however are incud-
ed in the of the assessed valuation Of all the
personal property in the state except New York and
kingS:- -....
In 1871. loS,oocsf
Increase In ten years ars,................ S3sls36.