The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-08-20

building be reduced from $1,000 to $780,
600, as this is the amount given for the
property during the past year.
Mr.. Boushall asked for a reduction on
the home of Mrs. Matte A. Heck, on
North Blount street. The cash value is
actually not over $4,000, for she has
offered to sell for that and not been
able to do so. 1t would not rent for
over 8 per cent on the valuation of ST.
500, though now assessed at $20,500.
Mr.. d. T. Johnson asked that his lot
at Hillsboro and Morgan streets be as
sessed at "a 500. The place cost $4,000. 1t
was raised from $4,000 to $500. All
the improvements cost only $1,000.
Judge 7. B. Womack appeared for Mrs.
f. p. Tucker, who asks reduction on the
following pieces OF property: The Tuck
er Office Building, figures in regard to
which show that, with taxes assessed on
the new valuation, only per cent can
be realized. The expense of the building
averages $4,000 a year. Moreover the
Masonic Building will hurt this property.
The Robbins stables. Times Building
on Fayetteville street Total income is
1889 a year. Raised from $4,000 to S.
600. The taxes alone take more than one
third of the income. The Dodd Building
Wilmington and Martin streets. Total
income 81 ,055. Raised from $4,000 to
$4,000. Home Residence. Vacant lot,
Hillsboro street, Carrolton Hotel raised
from $4,000 to 1000. For sale at $1O.-
900. Rocky Branch meadows. Store on
Wilmington street, occupied by Newcombe
& PEBBLES. Express Office on Fayetteville
street
Mr.. E. p Maynard: He paid $4,000 for
his property at fair and open sale. 1t
would pay about per cent on $4,000. He
asked that the assessment be reduced from
SO, 900 to $2,250
Mr.. w. ]. Young, Jr., said he had Of
fered his property on South street for
sale and could never get over 81, 500 for
the entire q houses. Now eight that
he owns, less than half, are valued at
$2,775. The valuation of 81 $50, the form
err amount is a full assessment and he
asks for that same valuation.
Mrs. H. P. Martin asked for a reduc-
ton in the assessment of the Cox place.
on the Avent Ferry road. Raised from
$4,000 to $4,000 The rental value is
$3.50 year. which is nearly represented
by the former assessment of $4,000.
Mr. j. W. Barber said his store had
been raised from $4,000 to $500. Asked
that it be reduced to $500. His home
place on New Bern avenue had been
raised from $500 to $500. He thought
So, 900 a fair value.
Messrs. T. j. and j. C. Traps excepted
to increase on property corner Fayette-
vile and Davie streets, $1,000 to $1,000.
Property does not rent well.
Senator Herbert E. Norris asked a re-
duction OH his property on Louisburg
road, 141a acres of land and residence,
from $1,000 to $4,000. The increase from
81, 900 to $1,000 he considered unreasonable.
Property he did not think would sell for
1000.
Mr.. C. M. Bernard petit:oned that the
assessment on his piece of property on
Fayetteville street known as the Jennie
Coffin office lot, between the Louis Nah
Ter residence and the Carrollton Hotel
be reduced from $3,25O to $4,000, the
price he paid Mrs. Tucker for it, and
lot on East Hargett street from $4,000
to $4,000, at which price he bought it
through j. NJ. Broughton & Co.
Mr.. C. P. Spruill asked reduction in
the assessment of his property No. SIT
South Person street from $1,000 to s1,700,
because it is higher than the assessment
of other properties similarly located. His
property was raised from 81 400 to $500.
side of Raleigh township, the board ad-
icurned to meet at 10 o'clock this morn
ing in executive session.