Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1889-09-19
FORT WORTH'S WEALTH.
The Assessment for the Year 1889
Completed by the Board.
The Grand Total OF Real and Personal Prop
erty FOots Up S16, $3.50, 79O-The Increase
Over the Year 1888.

On July the board of equalization of
the city of Fort Worth consisting of DR..
George Jackson, Dan Parker and William
Barr began its labors, and for sixty-four
days they have worked hard to make
just and correct equalization of the assess
ments of property in the city of Fort
Worth. They have taken the true value
of property, that IS what it could be sold
for under any circumstances, and, as
figures given below show, have
assessed property considerably below
its market value. Yesterday evening the
board adjourned until September %,
when it will meet to hear those who ap-
pear before it in response to notices sent
out. Mr.. G. W. Ware has acted as sec
rotary of the board for Mr.. Early, who
appointed him for the purpose.
The gentlemen of the board gave THE
GAZETTE the following figures:
In 1888 the realty footed Sc, IL, SS5
IN 1885 the personal property footed up. , i3, SIS
In 1889 the realty footed ST. SO, 80
In 1889 the personal property footed up 4.s3O 90
Total..............................sl6, 365, 80
The board graded the property on
four streets, Rusk, Main, Houston and
ThrockmortOn and assessed corner lots
at one price and inside lots at another.
The corners on Main street are
put down at $4,000, $500, $3.50, SG650,
$500, $3.50 and $3.50 Inside lots on
Main street are rated at $3.50, S4l00,
S44OO, $1,000, $3.50, S6250 and $4,000.
On Houston street the highest corner is
assessed at $3.50, and the lowest corner
at $3.50 The highest inside lot at
SG250, and the lowest inside lot at $500.
On Rusk street the highest corner on
the west side is rated at $3.50, the low
est at $500. Inside lots on the west
side are rated highest, $3.50; lowest,
$1,000 On the east side the highest cor
ner is $3.50; lowest, S2l50. Inside lots,
highest, $500: lowest, $500.
On ThTockmortOn street the highest
corner is $3.50, the lowest $500; the
highest inside lot S2I0O, the lowest
SI150.
The highest residence property is on
Lamar street, assessed at $40 per front
foot.
The approximate assessment of the
Texas and Pacific is $40 900.
The rolls have not been footed up yet
and other details are not available at
present.
Last year the rate of taxation was 81 IS
on the 500, and gave the city a revenue
of S157 600. 1t is almost 2 certainty that
for the present year the rate Will be fixed
at 81 on the 500, which will bring
in d revenue Sof S163 900 or
$4,000 more than last year.
When it is remembered that
hundreds upon hundred Of
thousands of dollars of property was not
liable to assessment on January /, 1888,
which is now assessed, it will be
apparent that the man who
rendered his property at a fair valuation
last year will pay less taxes this year
than he did then.
When it is noticed thatfIots assessed at
$3.50 cannot be bought for less than
$3.50, and lots assessed at $3.50 cannot be
bought for SD, 800, lots assessed at
$500 are held for $500 1t is plain that if
Fort Worth property were assessed
at its market value the assessment would
reach at least S2i 500 900.
The board has done its work well ana
will receive the hearty praise of the peo-
pie and the council.