The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-07-11

all railroad property into two great classes.
These are
First. All the property of railroads not used
Second. All other property OF railroads.
This last class is in turn divided into four sub
divisions.
ing .'the roadbec NOT exceeding 100 feet in
width. with it's rails and sleepers and depot
buildings used for passengers connected there
with. /"
Second. All the other real estate of each rail-
road used for railroad purposes.
Third. The tangible personal property OF each
railroad.
Fourth. The franchise of each railroad
The act provides; That all property Of any
railroad not used for railroad purposes shall be
assessed and taxed by the same assessors, aud
taxable property Of other owners In the same
municipal division or taxing dis:rict.''
This provision is as clear as language can
make 1t, and calls for no explanation. The aot
then provides that the State Board of Assessors
shall assess all the property of each railroad
used for railroad purposes. Upon the entire
Is ad az Re ae Ct oss S Il psr esa
Besides this State tax an additional tax is
laid, not on all railroad property used for rail-
road purposes, but on the properly enumerated
10 subdivision OF said property for the benefit
OF the several taxing districts at the local rates
at which other property is assessed In such tax
ing districts for county and municipal purposeJ
but In no case Is such rate to exceed per cent.
This tax is, like the State tax, assessed by the
State Board of Assessors, and is to be transmit
ted to the several taxing districts for the local
uses.
1t will thus be seen.-
a-That tax of one half of per cent. is to
be levied on ALL railroad property used for rail-
road purposes.
b-And that in addition thereto, a tax not
exceeding per cent Is to be levied on all rail-
road property used for railroad purposes and
included In subdivision Of section OF the Act
of Se4. The assessment for these taxes are to
be made by the State Board Of Asse essors The
Local Assessors are to assess all property OF
railroads not used for railroad purposes, and
such property ia to be assessed and taxed In the
same manner and at the same rate as the tax
division or taxing district The 5th section of
the Act of 1884, makes it the duty OF the assess
ors In ali taxing districts where pro-
perty OF any railroad or canal COM
pany not used for railroad or
canal purposes shall be assessed to certify and
send to the State Board of Assessors on or be-
fore the second Monday of June In each year, a
statement giving the description Of such prop
erty and showing the assessed valuation there
time certify and send to the State Board OF
Assessors q short description of all the
real property in their respective tax
ing districts, used owned fer
railroad or canal purposes. excepting the main
stem or road bed and track not exceeding 100
feet in width of each railroad, and the water
way. towing path and berme bank, not exceed
and for the service mentioned in this section
the said 10 cal assessors shall receive S3 for each
day actually engaged in such SERVICE to be paid
on the warrant of the Comptroller on an efl-
davit of such service being filed in the office of
said Comptroller.