New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-02
TO CARRY OUT THE LAW.
FIRST STEP TAKEN BY The o'AN
BOARD OF TAX COMMISSIONERS
ASSESSMENT OF REAL ESTATE.

BOARD OF TAX COMMlSSlONEho-
ASSESSMENT OF REAL ESTATE.
Albany. June 1 (speciaD. The State TAX COM
,,issioners through their president. Martin Hee'7
nance took their first step to-day 10 entoioe w
new Franchise Tax act Mr.. Heermance aoui .sseo
a letter to the Mayor OF every city III the o'a,e'
calling attention TO the following provisions OF the
law:
Gao 40 The State Board of Tax Commission
ers shall annually fix and determine the yaus,o 81,
Of each special franchise aa9jeG rH SUCH Board
shall not less than ten more than thirty DAYS
mnt IS required BY be completed cH, any ~
such city town village. file with me c1erk o 81
be valuation OF each special franchise in such city.
town village or tax district as deteLeu 10 " ;he as
sessed valuation which all taxes based on sT Zen
special franchise In such CITY Town pmrn6ses shall
he levied during the next ensuing year The assess
other taxing Gcers OF or nY state or county
officer shall demand furnish to the STATE bSa b
OF Such a1 Board for the purpose Of determining the
value OF special franchise Eacn CITY .om ene, ~
by him Of a statement OF assessment OF spe,clai
franchise by the State Board OF Tax C omm,ssion
ers deliver n copy OF such statement certlned o.,
him TO the assessors or other local officers charged
with the duty of making local assessments IN e ys
uatlon of a special franchise as SO 1xed by rns
State Board Of Tax sna 1e col
umn of the assessment-roll
TIME FOR MAKING ASSESSMENTS
The purpose OF the letter is to ascertain II inc
time for making assessments for county ana o'a'o
purposes is regulated by a special law or Is uhoe'
the General Taxation law. New-Yorks charter
nrov,des that the assessment of real and personal
property shall begin in that city on the nrst Iues-
dav of September In other cities of the State
II is probably much later. Under the General
Taxation law the assessment does not begin much
before May 1.
The letter OF Mr.. Heermance was sent TO the
MAYORS of the cities of Albany. Amsterdam, Au-
burn. Binghamton Buffalo, Cohoes Corning, Dun
kirk Elmira, Geneva. Goversville Hornehsviile
Hudson Ithaca Jamestown Johnstown Kingston
Little Falls Lockport, Middletown Mount Vernon
Newburg Niagara Falls North Tonawanda, Os-
densburg, Clean. Oswego, Pouehkeepse' hens-
seIaer. Rochester. Rome. Schenectady, Syracuse
Troy Utica WATERFOWL, Watervliet and fonkers
Mr.. vinton. assistant corporation tax clerk OF
the Controllers Office, few days ago made puoic
some calculations to the probable receipts OK
the cities and towns under the FRANCHISE lax ld"
but he based his calculations on the theory that
the franchises might be assessed at only % per
cent of their full value reasoning that real estate
in any localities In the State is only appraised at
60 per cent Of its value.
FULL VALUE TO BE ASSESSED.
NJ ueermance said to-day that the taxation
laws Of the State specifically called for the assess
nent of real estate at its full value. Since the
franchises TO be taxed under the Franchise Tax
law are cassed real estate, they also VIII Dc
appraised it would appear. at their full value
Mr. Heermance called attention to Section IL OF
the Taxation law in regard to the taxation OF cor
norate stock showing that ii provides that the
capital stock OF every company liable to taxation
'shall be assessed at its actual value ne saiu'
There Isn't the slightest legal excuse Tor not as
sessing property at its full value. 1t Is not done
in some places In this State but the State Board OF
has
It's being done"
He then called attention to the following sections
OF the Taxation law:
Section u. Taxation of Corporate stock.The
capital stock OF every company liable TO taxation;
excent such part OF il as shall have been excepted
I'm the assessment roll shall be exempt by law,
e2sesdpr 10 per cent Of its capital after dductng
the assessed value OF its real estate ana all snaes
scS eompany Which are taxable upon their capital
stock under the laws of the State shall be assessed
section Il. Preparation OF Assessment Roll-They
shall prepare an assessment roll. containing nVe
separate columns and shall, according to the best
First~in the first column the names OF all taxa
bic persons In the tax district. An. -, $50,
secondIn the second column the auan'ity OIL rea,
property taxable to each person, with statemeh.
thereof in such form the Commissioners or
Third"in the third column the full value Of such
the fourth column the fun h value Of ns all
son respectively. after deductins the just ue"''
Fifth"In the NTH column the value OF taxable
rents reserved and chargeabe upon lands wi'n nm
the tax dsT b st pbs eea al rate per
produce sum equal to such annual reht1, AM ua
PAYABLE In any other thing e escep peeransd by them
and the value Of each rent assessed separately ah
FONT assessed cannot be ascertained by the asses
sors 1t shall be assessed against the tenant III pU
session of the real property upon whlcn the rehts
chargeable.
CORRECTION AND vERIFICATIoN.
,vseventh-Correction and Notification of
Tax Roll.-When the assessors, or a majority OF
them, shall have completed their roll, they snail
severay appear before any officer OF their county.
authorized by law to administer oaths, ana shaii
severally make and subscribe before such officer an
oath in the following form; I'VE. the undersisheo.
do severally depose and swear that we nave SCI
down In the foregoing assessment roll All tne rear
estate situated in the tax district in which we are
assessors according to our best lntornatioli anu
vaue Of the said real estate has been changed oy
reason of proof produced before us. we nave estl-
sums which a majority OF the assessors have de.
cided TO be the full value thereof; and also Una.
the said assessment roll contains true statemeni
Of the aggregate amount of the taxable personaii,
Of each and every person named r suSn s ron
persons respectively, and excluding sueh STOCKS as
otherwise taxable and saGa Ghe the @ vas
thereof according TO our best judgment; an said
oath shall ss an nd eeerd by the
officer.
PROVISIONS OF NETWORK CHARTER
The charter of New-York also provides:
Section $50 1t shall be the duty OF the deputy
Tax Commissioners TO assess all the taxaple prop,
er,y In the several districts that may be assigned
70 them for that purpose by said Board. ana tney
shall furnish to the said Board under oath Ie-
rallied statement of all such property, showing the
said deputies have personally examined eacn ana
every house building, lot pier. or other assessapls
nroperty. giving the street lot, ward, town ana
man number Of such real estate embraced WITHIN
said districts together with the name OF the owner
or occupant II known also. In their Judgment the
sum for which said property under ordinary circum
4 stances would seD with such other information IN
l. nrnnertY niherMlSe. as