New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-17
SOME TAXATION FIGURES.
HEAVY VALUATIONS OF PERSONAL PROP
ERTY IN THIS CITY.
rArrrs GIVING THE PLOTS AND BUILDINGS
EXEMPT BY LAW-SOME BIG PAYMENTS
INTO THE MUNICIPAL TREASURY

EXEMPT BY LAw-soME BIG PAYMENTS
INTO THE MUNICIPAL TREASURY
The Tribune has printed in two previous ar
ticles exhaustive and exclusive information al"
figures on taxation in this city. but III The lripune
Of July the astonishing valuations Tor tine
present year. with an Interesting analysis OF 'he
figure, and comparative tables Tor the last hS
years were given. On July 10 Inc irl""He
printed the assessed valuation OF real estate III
different parts Of the city, and also many Naiudp'
tables showing the increase ana decrease III "c
valuation of nonresident corporations trust COM
panes railroads and miscellaneous companies
To-day il gives the valuations Of all the principal
personal estates IN tine city, and the amount oil
taxes the CITY received last year from these es'
tates Ii prints also a valuable and interesting
table showing the amount of property exempt
from taxation in each ward. and the names an"
values of all the principal buildings and plots
which are exempt
Readers of The Tribune who have followed us
articles on taxation have gained new idea Of
the immense wealth of this city. and of the won
derful increase in valuation which is made every
year
A brief summary Of the figures printed Is given
here The property valuation OF the entire city
increased in 1898 SOB, 25i.254 over 1892. Inc
valuation as fixed by the Tax Department WIS
$l933,5lSj2S 30, an increase of p per cent
since Tammany Hall took control of the municl-
pal government. The increase from SAP to 1873
was 6957l2,s17. Since 1905 real cstat" III
this city has increased in value Sl,j36,95o,3Ho'
For this year the amazing increase IN the Nalua-
ton il due in part to the expansion OF values
in perssnal holdings. Nearly 80 per cent OF the
increase is due TO this.
The great growth in the valuation Of PERSONA
Tho. 1aa1
President Barker. of the Tax Board. Personal
taxation has ALWAYS been a source OF much worry
- the Tax Department. on account OF the failure
of property owners to give truthful sta'"mehV
of their personal holdings Ihls year 'he ln-
crease of personal valuation over lse2 Is So
5764s4. making O total Of personal taxable wealth
Of $37O,936,l36.
IT, is interesting to note In connection WIN 'he
personal assessments that the majority OF poll
ticans connected with 1ammany Hall pay no per-
sonal taxes At least their names cannot he
found on the tax books. Richard Croker name
is not there nor is Mayor Gilroy's, or eN-Nlayor
Grants Some of the others whose names are not
to be found are: Corporation Counsel w. H.
Clark. Sheriff John j. German, Henry c. Miner,
Edward Kearney Police Commissioner Charles +.
NacIean James j. Phelan, Edward +. steers,
Recorder Smyth, John j. Scannel, Senator D. f.
Ahearn. Michael T. Daily and Judge Giegerich.
If the tax rate for 1913 is fixed at Isl on the
100. the amount which the city will receive from
taxes will be $780, 100, or an increase OF ~
37O,9O6
For the last two weeks tho tax books nave
been al the City Hall open to public inspection
A large number of people have examined them
daily and the usual number of complaints ahout
excessive assessments have been made lherc
have been few cases, however where the courts
have been applied to for an order for reasses'heht.
The ONLY important case is that OF the "oulu
estate which was assessed at SlOOOO,ooo, ana
which the heirs want reduced TO S2,OoO,o0o
The Tribune printed on Tuesday, July a.
list of all the people in the city whose personal
estate was taxed for 100000. Many of
thes, valuations are printed again to-day with an
additional list of -known people whose per-
sonal property as represented TO the Tax Depart
ment il under 81 90, 900. The small amount 81
personal property on which some OF the we lknown
men of wealth III the city pay taxes is surprising
Some men who are generally credited with having
large fortunes have no taxable personal property
1T all At least they swear before the Lax
Commissioners.
Following are the assessed valuations of the
personal property of people ard estates that own
d good part of this city.