The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1898-07-07
C0UNTY'S TAX VALUES.
Board Of Equalization Of
Taxes Meet Yesterday
in the Court House.
WHAT THE ASSESSORS REPORTED
New Boulevard Loop Creates
a Rise in Real Estate--Jer-
sey City's Big Reduction.

Yesterday being the time fixed for ths
returns of values from the cities ant
townships of Hudson county to th'
County Board for the Equalization Of
Taxes, the members of that body mei
yesterday in the Grand Jury room of thu
Court House to receive the assessors
figures.
There were present President Garrett d
Van Reipen. James ". Clark, William G
Hamilton, James G. Morgan and Alex.
ander Mclean. Mr.. James E.. Connolly
the clerk, was there of course, and
Messrs. J. H.-Love, James c. Clarke and
John E. Macarthur, of the Jersey City TaS
Bssard. and County Counsel John Griffen,
This was the second meeting of the Board
since their meeting in June last and they
win sit Gaily for the next ten days to
hear appeals and then finally fix the rate
All the assessors made their reports saw
ing these three:-Town of Union, IIarri-
son and Borough of East Newark, who
will no doubt turn them in today.
Before giving the values it will be re-
membered that the rata last year for tile
State school tax was 2.72 for the loo;
county, 5.SS, and the balance what the
cities fixed. The total amount Of real
estate taxable last year was $144,09S, 74l,
and the personality was Si2s135. 49S, making
a total of s156,174,2S What 1t will be this
year can only be ascertained when the
Commissioners have in all the reports. Il
is said that the rate will be increased,
but that is not official.
The first report submitted was that of
Jersey City. read by Mr.. ]. H. Love, and
st was as folloWs--
Valuation on real estate for 1898. $50, 211, 40
Valuation on personal for 1895. 1851. 200
Total $50, 40
Increase on real estate = :.
Loss on personal over
1897 ...--...-..-..- 131,176
Total increase s67,1l4
sHow do you account for the increase
on the real estate?" asked President
Van Reipen.
ITO improvements" replied Mr.. Love.
And the decrease?'' asked Commission
er Morgan.
Mr.. Love, in reply, said that the city
had lost $1,000 from the Brooklyn Annex
Ferry, which had been sold to the P. r.
r. Then there were three piers. Brook
lyn Annex, Wells Fargo and Adams Ex-
press, which had been taken out. and
that meant a large sum. The Jersey
City Commissioners of Appeals had been
generous. They had decreased the real
and personal properties taxable by the
city to the tune of s647, AS. Then the
State Tax Commissioners had taken off
S27.s65 TO say nothing about the amounts
taken off by the Commissioners of Adj
justment, making in round numbers off
Jersey City's ratables the sum of 81, 000.-
600, which would this year have been an
increase for the district
How do you assess the Trust Com
panies?" asked Commissioner Morgan of
Mr.. Love.
The Greenville Trust Company" re-
piled Mr.. Love, made a return to us
but his year held off. The Peoples Safe
and Deposit Company of Hudson City
have refused to make any return, saying
that they have no assessable property.
We have, however, put their case into
counsePs hands, with Instructions to COM
pei them to make a return"
What about the Title Guarantee and
Trust Coz" asked Mr.. Morgan.
MI. Love replied that that company, be-
ing a private corporation, ~discounting no
paper, did not come under the Banking
act. 1t was assessed under a special
charter. If they did banking business it
would a been taxed.
Henry ]. Stilson. Assessor of Bayonne.
made his report, which was as follows;@
Valuation on real estate for 1898 s1, s21. $40
valuation on personal .......... 705,s75
Total ...... -. .............. $l2, 627, 845
Increase m real estate
over 1887 ............ $174.S45
Increase on PERSONAL. 10000
Total increase ........ $194,S 45
The increase on real estate was due to
improvements, and that on personal prop
erty was because of new buildings, Mr..
stilson explained. Whenasked if he assess
ed Boulevard lots last year, he said he
had and this year also.
Hoboken's report, read by John r. Wig
gins, was as follows
Valuation on real estat for 1898 s25. 51s. 700
valuation on personal .......... 1.855.020
Increase on real estate -''''''
Increase on PERSONAL. 22O, $50
Total increase ........ $595, $50
Assessor Virgins explained the increase
on real and personal properties to new
improvements, and increase of bank
stock and new business. There had been
during the year few new buildings, but
there had been some new factories started
and the Improvement by the Hoboken
Land and Improvement Company, on
Washington street.
North Bergen Townships report, SUBJ
United by Assessor George Bruce, showed
the following figures
Valuation on real estate for 1898 Sc. 49s. a85
Valuation on personal. ........ 900. 200
Iotai .-........-.- ............ $3,789,1 S5
Increase on real estate
over 1897 ............. $780, sos
Increase on PERSONAL. 1885
Total increase .......... ss4,5 $50
New buildings and the loop of the
Boulevard. said Mr.. Bruce, were respon-
sible for the Increase in the realty. and
new business such as, telegraphs and rail-
roads for the increase on personal prop
erty.
West Hoboken's report, read by Assess
or r. McDermott, on the face of 1t didn't
have a very rosy tinge. There was a de-
crease in the real estate values of s51. 129,
from the figures of 1897, but it must be
borne in mind that seven per cent. was
nddad