New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-01-27
SUMMARY OF THE REPORT.

| committee representing the City Of New
York. appointed by the Mayor the rcquert o. the Board
OF Aldermen OF that city, presented To the state Board
OF Equalization protest against the adoption VI tho
table a. reported by the State Assessor This protest
written and printed before the table wac rcporc CON-
dlns many erroneous statements and ted Ia be-
ryc that Had The Committee been uy advised IN regard
10 the report OF the State Assessors protest would
hayc been materially changed, OIL what is more prob
aDr, never have Dccn presented. Ine STATE Assessors
10 not complain 0f any county In tie STATE IA, n
honest and desire to protect ,acr own intcics
against an undue proportion 0f the stole tN TINS is
oust, ~ istce Ia themselves nAkc tcnrs
ueS yoh ~ foundation That they ial by The weight Ok
errors they contain.
RULE OF ASSESSMENT ~ NEw-YoRK CITY,
The Tax Commissioners claim The real esiats
Of NewYork, at the price for which such properly
under ordinary circumstances, would sell. which ID the
legal rule OF assessing there but 90 cent Of the
value determined by "pnlnt capitalists" desiring
20 invest IN bond and mo:tsaecd. III he action brought
against the lax Commissioners Of New YORK by the trs
tces Of the Convent Of the Sacred Hear IL argued
on tie pant OF tc COmhlssOnrs by their attorney, that
the ass o-e value oi the property IN qie> ION id not
ieicsUt over OuefOur OHo-ith II the actual value,
the ordinary custom being to uninpro cd prop
from recorded sales ana from Information obtained
nom very reliable persons Interested real estate aud
city was assessed az 43 pr cent yacs in lS7,
wien tne ,s,ncnt OF 1873 taken and To wA!eD Tia
II is said that tie appointment ignous The fact
thai h.ii.,tltns have heth Increased $50 cent IN
EreaJf proportion ANN any other county except Kings.
W July recognize Inc Increase IN assessment While mo
COHlMtfcc ignore the TACT that the at a. Wade # tLS
city has lncIca-c more N ortion than yncr pOrtiOs
te Ic Committee would believe that,
brcd-' NewYork cay mas increased aotuai value 100
yer cen, N 10 year,, that farms ia .a county Esye
increased IN value ia IKE proportions whereas. iLe tssti
mOny OF huEdreis Of substantial and intelligent nFn,
Well as our own OUacrS d,iOp Ia % tOdaIss,
lave again ana again visited, warrant p say ug
that tine farms O the state ana specially In that por
lion known - thu wheat growing sccoI aIe 81 no moro
yaur than they were 20 years ao Inc ciua. ucIcsSa
s., NJ al
the IrOnOre di>tcts waere Oltbeds have b.cn niy
iel clOpo Inc Increase the Saiae OF Teal estate IN
NcwlOrs has parallel in this country; aud 1t las
al been H. wlld speculation hut most q! ~ ~ real, sub
>ttutIai advance aud III valuable imp ONtmrni~.
The Committee a,aln complain ot uniu 10
crhinaton against The ely, IA leins r,qUi - ~
more han tAci siaIe ot tat tan Inc ciy th'rd pay
~ iubt proportion. ana no more Wc u.NC r'r .fy
ci tie ma ncr by Wncn we arrive az tlc conci-
LAT the sauc OF The city equal 60 TIE r,t u
t.- state, and O to.Iuhoiatc tie cnntol syo tie f0.
owing: TIE c.usus of ls6j place value q, the
dwellings ~ Ne~lOii. Cy At 7i-3O96,JiS, and OF tae
wnoc oL.ie az SsJGl-l37s, the Gig at t.at tine hay-
M f3 per o the dwellings in III STATE. tnc ~
new budding, We have sateo J. IrOu lo6s - Dec 81
l37l ~, 9-lJ,3ss l2O an increase ~ - PER cent IN
years. TIE census OF ls70 places TIC total yl ..
ed property OF the at z JuDsil .2Ct,
ADD OF NcwYJrk C gt S34ol 100, 100 80 pr cent
UI the properly % tine On Ire state.
TIE ISCREAsE IN NEw-YogK SINCE 1865.
The Assessogs defend the reduction made in the
SEES scd valuation Kings County b. saying that tbo
property cannot DE cgarled IN Il commercial point Of
vicw" aud the arbitrary add made by the saiegEi-
Of lsGJ-ls7O 10 he yaItian tcn deserved Ieeus-
tween Newiosk aud King. the Assessor, say that 4
hin-b las increased tor, times IN IT, Valuation
lSO., TIE OrHeg musi have Increased tWir .nd would
t'rcluIe be nO", Tor realty, S2,uo15''l,~Uo. Ley
-pcah a. follows concerning Tie lucrt-oc ~ W-1ugk
| ,lncc lists:
In looo The assessed yaue OF the real estate Of tia
city Was returned at s6- }05. In i~1l tai Tug oat
| the 1wtnty-tulrd ami TScuty tn Maids, IL @a3
>,jS,6ll $50. Ine estimated yaae Of new buildings for
enc Yeas from December, ISIS, 10 Det 81, lo1i, 10
,usfyc was $2lJ,S5- TO- making TIE assessed ne "
ne real estate ouy @l6,olS 26j more tan the cost VI
IA, JIl.t.l-S too tnc same years.
Afll..k al
prominent buildings completed in NewNOrk City in