New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-26
FACTS ABOUT STATE TAXATION.

xrv-voRK SAYS 1T PAYS TOO MUCH; FIFTY-NINE
n, OTHER coUNTIps SAY 1T PAYS TOO LITTLE-No
EQUALIZATION IN SIGHT.
ALBANY, jan 25.-The annual report or the sta
Assessors submitted to Legislature to day shows an
icrease In real and personal property from 1856 OF
s1ac 445 s34 The assessment on real estate has in
creased over s46s 900 since 1893. while personai
property has increased in the same time S2 oooooo
The Assessors ask:
should the Legislature pass an act compelling pers ona
property TO its proportion OF taxation wouu IL ot
k well 10 authorize Boards Of Equalization to equaiize
nsi deBs or Obligations exempt Of
property any more than owners OF reai properly /,
shond provision be made for an equitable income tax
SbonJ the 500. 10000 corporation bonds and
81 900 900 corporation stocks held state con-
tinue exempt .
large portion of the report is devoted to the equal
i,atlon of New-Yoik County. The Assessors say due
complaint comes from the county Of New YORK IL Is
unfortunate that the county should be deceived Us W
the real facts NewYork complains OF too nigh equai
ization, while fifty nine counties complain thae Ne"
York ia too low. NewYorg has been largely reduced
and pavs a much less State than formerly.
.Iu 1873 NewYork paid Its highest per cent OF the
State tax. namely 5l.S45 In 1887 IL PAID A os9' IN
1882 il paid AZ 5O and In 1887 per cent iesswhe
beweep these years Its assessed value increased over
s,3z 600 600 The census OF 1870 fixes the value OF
real estate and personal property In the CITY al
"a 4s4 600 600 Seventeen years later after the add
zion of large portion Of Westchester the total assess
ment was 1881 000 or about 50 per cent Oh INC
nasps xaue Assuming that so cen. OF the census
vaue WAS personal property, the realty owned III 1870
annals OOO or about 1861 100000 more than
was assessed In 1887 Not considering the Annexed
Dstrict the increase In NewYork since ls7Ois esu-
mated at 100000 900; that If the census OF ~
snproxmatey established the value OF It's realty the re-
turned assessed value should have been ABOUT
e7O0,000000 more. ooo -.
The increased assessment Of real estate from 1893 W
1887 was Sl6s 600 In 1887 the equazed value OF
NsvYork County was $l.323, 666.950, In 1874 IL was
Ssl2 7O9Ol7 an increase of S5lOs379O3 jh 1857 'ne
equazed value of all other counties was @i'Vi'
b82 $685. 10 1874 it was $9379seS71. an increase Oh
S763.572.967.
In these years the equazed value OF the CITY was III
creased by the state Board about 81 cent whe the
cent Had the equazed value OF the really OF tne cry
been increased by the Board Equalization pro-
portionatey with other countless namely 10 per cent
S25l 100000 than at present This would have
added 10 s share OF state about 1894 900 From
Assessment rolls $ll500000o personal property
while other counties increased Their assessment OF
personal property about S33OOOoOO Tue city lost 40
per OF personal and other counties gained 70 per
Had New-York increased in the same proportion a,
other counties from 1874 its assessed value OF perso
ana thus the realty would have relieved 10 tue ek
tent of about $500 900. There is unsssessed puzzle
property ia valued at 900 from
byeh The revenue derived equal more t0an one quarte
state paid by the city The total STATE ia! 10
s ysA While she psa 'n for cty
puI poses S27 605.7so The personal property OF tl
State paid 80 per cent OF the state tax In 1897 and
1856 1907 per cent
PERSONAL ATTACK ON MIR LONGLEY, DEM
ALBANY, Jan. % (speeiah The weak state OF tn
sho y he a "A