New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-02-06
MONEY VALUE OF NETWORK.
PROPERTY WORTH ABOUT TWO BILLIONS
VALUATIONS ON PERSONAL AND REAL PROPERTY
HOW T.XEs ARE OFTEN EvADED.


The Commissioners of Taxes and Assess
ments have been busy engaged since the beginning of
the second week In January IN taking aihdaVs from
persons who make oath that they have no personal
property subject taxation, and in listening to "ppnca
tons from others for reductions III the amounts on
which they are assessed. They have received great
many notices from persons who state their Intention 10
apply The proper time for reductions Ill the Nhiua-
ton OF real estate Already several hundred persons
have appeared before Commissioners and wiped out
their liability the payment Of personal taxes ny max
ing AFFIDAVIT that they personal property over
aud above their debts good manv persons PopuaIIy
supposed be mlhOnalres among those VINO nave
Sworn of their liability 10 personal taxation
There were upon the books Of the department on
January the names about $4,000 persons supposed
TO be bahle IT, taxation on personal property ana
bank shares AS many people WHO come I" the once
to swear of" reductions. take pains t. set
that their neighbors are properly taxed addlt'"nai
names arc constantly being added. The most of these
prove be worthless for purposes of Taxation
TIE Coumissopers have 3CJCG notices TO per
who have been assessed personal property AS
the books required by law t" remain open until the
3Oth April for revision. only xmate results can
be given Oi the total valuations that VIII remain on
which taxes 10 be collected.
The total valuation of personal property On the books
January g. when they opened for revision. was
sos 9s272O. When the record books were opened at
the time last year the total va uatlon was
$256 365C22, shaving an increase Tins year Of
$26I7. COS The assessments shareholders of banks
included the total to $6s3a272O tins
year. an increase 81 3O3 go last year. when the
amount un the opening of the books was S67.67o47O.
Last year ;. 4O3 persons made affidavit that they
liable for personal taxes. reducing the amount
on the assessment rolls 47 1872 l23 and there is ahnn
dant evidence that there will be dminuon in this
respect this year There increase last year III the
value Of personal property which taxes we're
collected Ct Se.0lee62 there increase Of
only o little quarter of this amount on the
original opening Of the books tins year II Is evident
there will be little gain IN the amount 81 per
sonal taxes t0 be cOitc'ed
There IL large Increase however, IN the real estate
vaua0us which, together with decrease ~ the tax
pvy will Tuake 'UIsiieTabie reduction III the rate OF
taxation.
When the record books were Opened January 10,
1881 assessed value of real estate Oh the books
amounted 1881 ,OI4,539. Wien the books
~, 34l 2aO had been made. leaving the total
tsSrrscd valuati"n Of reh estate S976.b'3.2SF' an
Increase over 1850 IF S54 lSa 3t5. When the Iouks
were opened January Of this year. the real estate
valuations V9. 2C0, l36, an Increase over the
amount at the cuse toe nCks iast OF 80 256S1
The total Increase il the assessed value OF e! ana per
Uf tie books april 1851, over
the previous year e42,2o.&ll The Increase thlH
year ast will probably be acOut S5S'uOUJO nearly
all Of which viii he IN real estate;
TABLE OF RELATIVE VALUES.
Tho following table shows the assessed value OF real
estate on the opening the books this compared
with the corrected usseSsnents for ISL giving the III
CREASE by wards: