New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-07-15
WRONGSOF CITY TAXPAYERS
THE EQUALIZATION BOARD HERE.


IRVING TO PERSUADE 1T TO BE JUST To NEW
YORK CoUNrY-RECoRDs OF THE PAST
The State Board for the Equalization OF Iaxe es
met Yesterday the office of the Department VI
Taxes with the Tax Commission TO CONFER ap T
the assessment of city property for state Tax. me
state Board has aOS added large
amounts to the city valuation; In 1921 $3.50 IL S su"
Sill .G17 Os2: 1882. $126 $40 ,54e 1850 Sl SSo
Sb2.5iO; 1884, $113 $3.50; 1885, 81 lac, Svo
At the same time it reduced the valuations OF IN,
terror counties to an equal amount me Taiu an
OF NewYork was fixed this year ear by an0 Increase
m %iSis Saa s51 asa Ever since 1860 New
York City has had no representative wing NO
the State Board Of EquazatlSn aSU as and for
two Years paying more than one half Ihere VIZ
present yesterday John ID. Ellis, OF Jenei aDd
Comfy WOOD of COUNTY, President
Coleman and Commissioners DonneiIy anu sorsraI
ner of the lax Department together w Thnre was
rs5SraI exnrcssion of opinion The country mem,
bers of the state Board endeavorcd 70 s osseSs
their action justified in raising lno ot' hw the
mo ~ was much below the marke,
value The Tax Commissioners on ,ne Urnnertv in
declared that the assessed citation to The market
value than was the case with property '"iu"'on'
in other parts OF the state: !, was not fair 70
Nawoyorl1 CRY for the State Board TO base vaiues
of ctv property pieces OF properly VI Will .ho
owners place high waIum,on dx valuation on
49, 49, The nroperty would probably sell for The
determination against this CITY mas peen conlInue9
ever since 1868 until the city has Deen compelIeu
~ nav from 10 to 81 cent OF the entire amount
rcdIIied by the State. The state Board has taken
such budgs as the f Hnnse stock Exeianae
aud other special pieces OF property 'n aa
will not under any circumstances on oe
pTce Special prices Of this kind snonld not have
pny bearing on the assessment valuation of the real
estate of the city, Buildings ike those Oh the van an
derblt family, which are obviously not IN the
market, should not be taken as examples OF me
general mass of real estate. The Willard manson
was actually sold by the estate az the d
for $3.50. OOO the actual valuation. Inc reductio1
i'm the interior counties is placed on New YORK, ana
this is so great hardship dna1 .ne necnor stress
the valuations of personal property are
reduced constantly by various schemes Iesn SO
small part of the tax due. Corporations are
in fine habit of swearing Oft their taxes by holding
United states bonds Temporarily Jus, iog nUGbt
10 paw The taxes are raised almost entirely from
real estate Out of $3,215, 742,5 800 capltaI STOCK
of miscel laneOus companies on the TAX DOCKS III
J.nnarv there were 81, 261 751. 7S9 sworn of. The
fire insurance companies of this city, whose assets
amount 10 S63.93S 737. can only be held by e .He
INK Commissioners for ~, liO.53s. FROM looo "
$50 the tax valuation on real estate was raised
$50 600 900; from 1870 10 1878 It was raised
S32 900 900. During the financial depression Iu e
Variations were not reduced. From 1880 to 1852
tIe fota increase was $50. 600 600 per annum, and
from then until the o pTe Snn ! 1hs MT e
Coleman SAID. showed an honest de-
sire to estimate the real value of the property by
providing for proper increases; .,...o &c
state Assessor Wood SAID that the members OF
the State Board had taken the testimony Oh
heavy real estate owner before fixing their Vaiu-
atoms on property. $50, - .,o,,o1
should be named If his testimony was TO be taken
in preference to that of the commissioners tne
publc oucht to know who 1t was and judge what
weight shonld be attached to his assertions MI
Wood declined to give the name .. . a..
President Coleman ten eaed a1enaIor n,o On
returned by the lax Commissioners as taxable
there was only Sc 244. 794 lett when the property
The state Board then produced returns OF ths
saIes of city property and compared these with the
valuations of the same property on the poohs Vi
the AK Department. - a., -,
were of romina va ues; that the properly hsd
been exchanged for Other proPerty al ls ~ nguLes,
of saIes where the prices fixed by tie Commission
ers were found to correspond with the actual SAFES
Tax Commissioner Feltner presented tao!e
showing that Tor five years certain counties had
obtained the benefit of the increased taxation
nieced ON Ncw-York. Cattaraugus County In 1857
with local assessed value of $l9915. so was Ie-
duced by the state Board III the sum OF ,9oo,o1z
The local s-essmet was at the rare OF on per cen,
of the real valuation In Eile county the
local assessed valuation was $l12,I26,61O, from
which the state Board deducted S36,3O9JOl ms
reduction lel the rate Ior state p9 poses lot 5 III,
comfy only 33 per cent. New-lork was treated III
a different manner. With local assessment aver
aging 10 per cent, the am lunt OF vaIua ION nelhg
s4zG 7:1 80 III $50, the of 1926. 29,5Oo, or
i3lo per cent. was added. lie asked the Board not
10 continue its record of injustice to tins CITY,
Orlando B. Potter, Henry Bergn and othe prop
erty-owners also protested against the methods Oh
tic State Assessors. GIL.
Dnring The afternoon the members of the state
poard nrcuellcd great many questions against the
NeyyYoTk commissioners, the drift OF the inquiry
heinz 10 show that the sale prices OF long isl Oh
6ouSes were fer above the assessed valuation: ne
work was monotonO and merely clerical In the
uqiori,y OF cases the figures favored the State
Board IS ideas.
SECRETARY MCULLOH'S SALARY.