New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-30

pressed in values In fact. said well-knovu
real estate broker, II is impossible at the prss-
ent moment TO sell real estate at any fair vaius-
ton REPRESENTATIONS who have been carrying
realty upward OF tw .nty 70 thirty years there
can he found who would gladly sell the same To-
day at 80 per cent Of its estimated value, ana In
some instances for the assessment and taxes
which have been paid upon II during the ias'
twelve years. In fact. some owners have recently
disposed Of property on those terms. Inc reason
given for this unsatisfactory condition OF things
is that Brooklyn's taxes are so high that the
civ practically connscates the property in a few
years There was splendid object lesson given
recentIv at the numerous tax sales in Brooklyn
in which the city has been obliged 70 buy IN the
nroperty. II now holds upward Of 800 pieces OF
nronertv which would not bring the taxes que
if rasold Some Of these pieces OF property nave
brownstone houses on them, and these serious
depreciations in realty. IL Is said. are nrousn'
about from substantially one cause-that Is the
n,hlic servants in the past have robbed the city
IN every way which their limited intelligence
would permit them. IF the city sa'u
prominent realty man, can get turther III Va
some OF these people, and secure 9onest Hiahae'
rent in the city government. and especially OF
its franchises which, it is said. nave oeeh give"
avvav. and the latter are made to produce re'e-
rue for the city. there will be no trouble ABOUT
getting good prices for property in Brooklyn
pu- 1a- rs hope that with the reform aciFih-
istration in charge now OF the city governmect
this corruption that has existed in BROOKLYN
nolirlcs 50 long is at an end Under the Greater
New-York il is believed by many wel-inlormeo
men that Brooklyn is 70 be greatly Denenteo'
which is sure 10 enhance realty in the END
rs said that there are over 5000 employees In
the New-York City government VINO VIII move
,.i.hf, fo,,r months from New-York 10 Brook
lvn after Greater New-York becomes ss. na.o
facr in order 10 secure homes at moderate
nrices These employees are compelled no" "
"a "a N lt,-a in the city OF NeW-lorK. 80
Another reason why Brooklyn real estate VIII
be benefited is that number or large corpoi d
-ions in Brooklyn keep their principal oniCss ia
Nav,yor< CITY and they pay their personal tax
there which IL is sad. IS an unjust dlscriinlna-
ton against Brooklyn ,, l.,
The most important effect OF consolidation IN
ravor Of Brooklyn. however. will be the reduc-
tfor - the tax rate. The COnsCl!da lion Dill
nassed last winter provided that the Commission
should draft a charter which snoud provioe'
among other things, for the attaining VI Ai'
equal uniform rate Of taxation and or valuation
for the purpose Of taxation throughout the
whole os the territory and Of the munlc.pai cor,
poration 70 be created How Brooklyn VIII
! profit by the proposed arrangement can ue
shown roughly by a glance at the assessed valu-
arion of property in New-York and Brook-
lvn and at the total tax levy in the two cities
/ In Brooklyn in 1896 there was sos-of ooo
worth OF taxable properly WINE IN Sem ,oaaH
/ ~ - 345 300 22S The total tax levy in BROOK
/ lvn was 80 800 30 and in New-York Sii,%o-
33O so II was necessary to raise sooeo3Sos IN
the two cities BY a simple mathematical opera
ton it can be shown that the average tax rate
for the whole territory would be y W on every
800 The present rate in Brooklyn IL 81 NJ, 80
] an equalization between the two cities on tniS