New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-07-07

New-York Citys total real estate valuation is 81
49, 791 an increase Of s56764s over last year Tne
gross increase OF real estate valuation was *e4'VS
OF this sum not less than s3 100000 resulted directly
from the Improvement OF property or completion OF
new buildings OF the all but $1,000 Is esti-
mated 10 come from the increase In the value Oh
property through the direct Improvement OF ne'sh-
boring property. The sum of $S469.S55 is deducted
from the gross increase on account OF reducuons OF
which s7.o744Oo comes from the purchase OF real
estate by the city for parks dock purposes
school Sites etc.
The increase of valuations from railroad corpora
lions is noticeable But for this the increase OF the
personal list would have been small The assess
ments against insurance and trust companies are
only slightly increased. The same is true OF nom
resident personally, but the personal assessment OF
estates of decedents and the personal assessment
OF residents falls off largely. The removal from
the city of many heavy taxpayers Is the cause OF
this The dropping down Of the volume OF assess
ments OF bank shares is caused by the fact tha'
several banks have reduced their capital STOCK
Railroad corpora lions show q large increase In
personal assessments. amounting TO sl524oo4 Ihis
is furnished almost entirely by the metropolitan
Street Railway Company. In 1896 that company
paid only $4,000 personal taxes. 1t is said as ex-
emption was claimed the ground that it must not
no asked 10 pay on its millions worth OF stock as
personal property because II bad pledged this prop
erty as security for sl25oO.CN OF bonds
The Tax Commissioner gave the company near
the bonds in question were Issued by the Metro
nolitan Traction Company which swore OF Its per-
sonal assessment to that amount because OF the
debt 80 the company was assessed on personally
of 1892 ass only. The Traction company Is the con-
.,ruction company Of the Metropolitan system The
railway company because II became surety for the
navment OF the Traction company's bonds. claimed
q reduction of Sl2 100000 from It's personal assess
ment President Barker and his associate commas
sioners Messrs. Sutro and Wells. refused 10 aHo"
this Enough brought out at the nearing 10
uarran, the Commits ioners in holding the Metro
no,,tan Street Railway Company for the personal
assessment Of sl449S.94s The legal questions in
yo,ved will probably be brought before the courts
BY the railway syndicate
recapitulation OF the work OF the lax boaro
makes the following showing:
TOTAL VALUATIONS FOR 1897
Real iss osl
Personal o''''o
r,,., 81 Ies eao $50
The 1.'h ne, result, Of the real estate valuations
for 1896 as by the books sent 10 the 80, ,,o a,
The s' gross Increase Of real estate valuations Ss,
over 1895 as hD"n January 1851 was e4i2os4s
S SS. sSis ,0s amount ss5 10000 for i'm
Rrovemenss on real real estate valuations made
The increase ana notice was........... 1855
49,, 81. 7e5. ESQ l4e
The reduction in these valuations were oo
81 saaaiiss,iCn. i, ,ss S
BY parsonage. ............'.''.''' &C.,
@' S,469 300
frhese exemptions mainly from lands
and buildings acquired by the city Tor schooi
sites parks dock improvements etc)
For 1891 amount Of real estate valuations
SHOWN on r s ss ............ 81. 1871 1885, 79l
.eo- pa. vi hook. l7s7 1S8 791
co. tss,a iseceyers books 1,73500 143
,,.r.... s55e77 Gas
Personal ESTATE.
1896 1897.
Y,srrance commanded 81 sol 533 So POI 48l
Tr"s, companies 4SSliSS 534160S
Railroad companies 10 loi foi <o'1<ooiA
Miscellaneous resident
corporations 4I"4oio% 4'9'o""
Miscellaneous non
resident corporations 2l,1et434 IysSi 30
Resident PERSONAL: NSs4o4- 90 e oss. o 90
Nonresident personal z9o.oota - o os go 80
So ga i93 Si0363e8