Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-08-06

A4N and the assessors them
selves, or at least some
of them, admit that
their valuations have been high. This term has
been qualified by adjectives Of more or less in
tensity In order to properly express the feel
ings OF some of the taxpayers, but for general
purposes it is sufficient to say that it has been
high. With this tendency on the part of the
assessors to see, as it we're, gilt edge on Wash
lngton real estate it becomes a question of gen.
uine interest to know what they will do when
they begin their view of property in the
suburbs. To assert that their ideas of values
will come up to the standard maintained by
the property owners and those interested in
the suburbs is to elevate the assessment value
at once. Some idea Of what the assessment in
general will be of suburban property can be
gained from the fact that some of the assessors
In an unofficial way have already approximated
the result. They have done in this way.
Their estimate of the revenue which will be de-
rived from the entire assessment is So .000, 900.
an increase of 81 900 900 as compared with the
assessment of 1889. In making this approx
mate estimate they probably calculated that the
percentage of increase would be about the same
in the suburbs as it has been in the city. Be-
fore the board Of equalization began its work
the increase in values of the new sment as
compared with the old was so per cent. The
great bulk of this increase was on land values
the values OF the improvements as a rule re-
naming the same. They therefore estimated
that the increase in land values alone was about
100 per cent.
THE PERCENTAGE OF INCREASE.
But the board of equalization has made re-
auctions in this assessment which, it is stated.
amount to IS or 80 per cent On this basis it
is therefore seen that the increase made by
assessment aS wit "a
taxable values of three years ago. is on the
whole property of the District only about 20 or
rs per cent, while from the standpoint of land
values alone the increase is from 20 to IS per
cent. Ii this approximation of the effect of the
new assessment is correct, for of course there
has been no opportunity to ascertain the total
taxable valuation, then the result of the assess
ment as revised will be that the increase is less
than the increase of the assessment of 1889 over
that of 1886. This increase was given as q per
cent, while the new assessment as it now stands
shows only an increase of 20 to Is per cent over
that of 1889.
The civil sundry bill suspends the operation
OF this new assessment for q year in order TO
allow a board of equalization, especially ap-
pointed for that purpose to go over the assess
ment and make such changes they see fit and
proper. No doubt when it is all done nearly
everybody will be satisfied. 1t is hardly to be
expected that two revisions of an assessment
will be sufficient to diffuse happiness uniformly
over the minds of the taxpayers of the District.
THE EFFECT OF RAPID TRANSIT.
In a certain sense the effect of the substitu-
ton of rapid transit on the Washington and
Georgetown railroad has been anticipated
Those who had property in the outlying regions
reached by the road have exploited all the bene-
nus that are hkeiy to arise, and as the reward of
tnelr abors no doubt they have sold consider
aDie properly: But after all the public gener-
no ah IN 10 f1x.s
dement, OF sucn change until they realize from
pracucai every day experience that they can go
iartheI In gwen ume on the street railway
.neh 'ney were ever aoie 10 go DeIore. what a
Dooh IL VIII De 10 the people OF capitol Hill to
NM! nhu .na. II ooesht take nVe minutes 10 cimD
u Inal steep. men tnink OF the residents OF
ueoreeto"n ana mount fieasant. VINO VIII be
brought within reasonable time OF their
places Oh business IN the center OF the city.
Inc caDie road VIII De found to be great adj
vantage.
There Is another feature about this change in
the method OF transit by this company which
Will be OF interest to property owners. In a
short time the company will have no use for the
car houses and horse stables that occupy such
large blocks OF ground in Georgetown, at the
mead OF l4th street and on the south side Of the
Sapi.or Ihere is no doubt that these build,
arise rows Of drei,no hnrsas .,h;nh I l. .eS .n
improve the localities. That was what han.
pened when the car stables were removed from
the square near the Baltimore and Ohio depot.
HE NOW RUNS THE BUSINESS.
The Young man who is growing nm in some
real estat 70 ot,;ce WITH ,bo ,;ov ., hooa;-
y. oe.oniiiis !"
realy 'uIy proher Is very prominent during
the heated term. He is left sometimes for
several weeks to run the Office while the boss"
40 away "' 'no seasiue or III 'he mountains
tbe u;ntsr Than ,ha vo',rm r'an ..ra. Turing
man." a. he is called when the broker ia at
home-has chance to spread himself The
Office. even If it has several rooms, seems to be
somewhat too small for him. He fills the chair
OF the man whose name is at the entrance with
dignity and largeness that is very impressive.
When chance visitor comes into the Office he
10 ready to talk business, and he does it, too.
with huency and a display Of information
that Is quite on par with his general STYLE
The only reason his transactions are not nu-
merous is that there il no business to be DONE
A visit to the various real estate offices will
demonstrate that the coming generation OF real
estate brokers is quite up in business snap with
the present generation. The bright. smart
young man who runs the summer real estate
business of the city is hopeful sign that this
branch Of business is not going to retroprade.
MIR. Hunsr's Rrs,nrxcr
,.,.. DE-, g.,
Aioni.eo' iN'naro ousn Is drawing tne pians
Tor two handsome stone and brick dwellings to
be erected by J. C. Hurst on the Conduit road
poor ba old nrnvora, Raa& abort l;,xo,oo