St. Paul daily globe., 1896-01-24

regard to it's suburban propertv towards +ba
cioSe ana Tor some years following great hnan-
@ oIal Impressions has been that it practically
ceased 70 pay taxes for from five to ten years
II Is OF the greatest Importance to St Paul
nrorns otlrs tlIhe that the owners Of suburban
ptUpsTty should be so relieved in the taxes
levied thereon as to induce an earnest effort
~ theF part to continue the payment of
tirne +Sn Snt larry the property through to such
~ , .idC iI us market value will be partially
OF wholly restored. The frontage taI is one
OF the most disecuraging features connected
Win thls class OF property and in orr oDinion
more money will be brought into tba p,,biic
treasury as the result OF the more nrCronf -,
ment OF the general taxes levied il the front
age tax IS abolished. than will be collected ~
1t is retained; and hence that the sounSaet
public policy requires the earliest possibIs
abolition of this tax, Notwithstanding the in
equality and injustice towards those who
have paid it for ten years, which results
therefrom. John 3. Sanborn,
j. w. Lusk
Henry \. Castle,
%. 3. Lewis,
j. J. Parker
Chairman.
James P. Healy. Secretary.
REPORT ON TAXATION.
+ Then follows the report on taxation. which
is herewith published:
Valuation of Property for Taxation
: Inc total value OF all property in the state
for taxation purposes is SG37 $50 CPS OF this
the three chief cities furnish the following:
ST Paul S123 3l9 705
R4nHnSapolls '.'.-'.'..'''.'........, l3i I33 S99
Total NEUTRALITY-SUSPICIOUS.. S29S. 462 IA
The total assessment valuation of real prop
erty in the state is $545, 416.3l
That of the three chief cities is as follows:
81 Paul S109 179 130
Duluth ................. * 10 so!
Considering all property assessed the vain
aeloh @ IN the three chief cities is 46S per
cent eI OF the whole. Considering real estate
Sotte, tp the valuation in the three chief cities
Is 4Sl per cent of the whole
,,tiy By the state census of 1895 the total popu-
Iatlon OF the state and that of the three chia,
cltleS was respectively as follows:
EHure state OBSERVATION-DISCLOSURES. J74 SI9
ST. Paul ....................,.i4 i40 9e3 '''A'
Minneapolis ..............1 1g2 S33
Duiuth OBSERVATION-DISCLOSURES. 90, 396
The percentage of population of the state
residing in the three chief cities is 25 II
state., IereIore ] appears that one-fourth of the
states population living in those towns are
required to pay practically one-half the en-
m ure state taxes. The assessment valuations
per inhabitant of real estate in the three
chief cities is as follows:
ST Paul ..-........................ SITS
Minneapolis " ciI
bululh 59S
Ii therefore appears that the resident of St
PauI Is taxed on his real estate $167 or 27.3
per cent more than the resident of Mime
apohs Is on his; and $3.50, or 30 per cent
IS.
were the valuations of real estate in st. Paul
revised. so as 10 merely equal per inhab-
ltant those in Minneapolis. the reduction
would amount to more than S23 600 O0O At
present rates the amount of state tax paid on
this valuation is about $40 600.
NO good reason for emitting to make this
reduction occurs to your committee. The
law controlling market values is the same
with regard TO both real and personal prop
erty. Relation of supply and demand govern
In city real estate the supply is the area
available, and the demand, the population
needing to occupy it. Where areas are sim
liar, as Is the case with those of st. Paul and
Minneapolis and general conditions of in
dustry and commerce are likewise similar
as they are at the two points is is hard to
see why the true total values of real estate
IN the respective places are not in proportion
to their respective populations.
Since the last assessment of real estate
there has been marked growth both in popu-
ation and wealth in the state outside the
large cities 1t should now be easy to do
st. Paul the manifest justice of transferring
from her real estate valuations at least
S2OOOO,OOO to the properties outside the three
chief cities. That would be an increase of
only II per cent in valuation of the latter
such reduction of valuation in ST. Paul
would save property owners here $50 00C per
year of state taxes. An additional benefit
would be the possibility of a readjustment of
values in st. Paul. by which unproductive
and poorly paying properties could be relieved
OF some part of the burden of taxation now
weighing on them so heavily.