New-York tribune., 1903-01-13
BIG ASSESSMENT INCREASE.
THE CITYS BORROWING CAPACITY R4ISED BY
ABOUT sI0oo0o,o0o
POLICY Tanahon e Real Estate Highly Frod"c'0e-
Personal Assessments Raised

The assessment rolls for this city for l9Oo,
made public yesterday, show q net increase OF
real estate valuations of 81 .A22 452,sa, thus in
oreasing the city's borrowing capacity by more
than S1ooooo0oO The net increase in personal
assessments is SaS7.S5l14S From tentative
assessments Of about three and one-hsh billions
Of personality in 1902 the Tax Department sue
ceeded in keeping on the rolls about Saoeofaue1
With a net increase Of about Sloo0oeoo0O for
this year the Tax Board is Of the opinion that
the net increase in personal assessments viii be
S100.0e0.o00
As before stated in The Tribune, the commits
sioners think that the rate will not exceed II oo
and with the reorganization Of the sinking
Fund il is likely be reduced 10 81 40.
Andrew Carnegie. with personal assessment
Of S5.000.aa0 stands at the head Of the list, and
some of those within hsiling distance Of him
are:
John ID. Rockefeller .ooa
Holm J.ceb Observation-Disclosures. 100000
Clarence H. nackay. @'ooo.ooo
RusselT sRce Observation-Disclosures. 1000. 600
Frederick w Vanderbilt. t.---...- 2.ooo.tsa0
George g Williams. I.I.1,OGo
Ia.pes ~ smith 800. 600
Alfred g. Vanderbilt 100000
Edwin fSouId -........ .oGa, 900
Theresa r. OBSERVATION-DISCLOSURES. eco. 900
Alice G. Vanderbilt. ---.----..--- 1ooo.eoo
George W Vanderbilt .......... 100000
Virginia. Vanderbilt, -..--. .ooG, 900
William E- Ta1''cf'aic-. sr...---.- 100000
One Of the names on the personal roll is that
OF Florine Henry. for 100000. Mrs. Henry was
burned to death on Sunday morning. As the
tax books closed on Saturday at noon it was
not possible legally 10 remove her name.
Some of the conspicuous increases in assessed
valustions are: Hotel Savoy, from Sl,ooO0oO to
s. 100000: Hotel Manhattan. S1.50o.Go0 to s.
100000: Hotel Ne5herland S1,000o0o 10 81
100000; .sThts Herald" Building. S1,000.0O0 10
81 500 600: Hanover Bank, S1.2Go,eUo to S2,foe.-
o0o; the new Macy store S60o0ooo The Car
negie dwelling and lot are assessed at s2'Ooo'-
600. and the old Astor House goes UP from
S2.000,00e 10 S3oOOo0o.
II is already apparent that The Tax Office mas
cut out hard work for itself for the next six
months in trying to get holdings on an equltanie
and full value basis. Lawyers by the score
started in yesterday getting data for briefs IN
1Aral actions 1t is alleged there are wide dis
crensuc;es in he so-called speculative dis
4rfcts A case was reported yesterday where the
former assessment was $4,000 and now mas
been raised 20 S61 600. The new assessment
viii compel the occupants to move out or sell
in many cases It would seem that he open mar
lxet price has not been the guide in liking the
assessments The Fifth Avenue Hotel with
new assessment of 81 350.0o0. is still S1,5ooooo
under the price the Enos ask for it, The P!aza
Hotel sold a few months ago for S3et0o00 The
new assessment is S2,300.Ooo: the New-York
Life property is put at 50 10000 1t could not
le bought for S5.G00,ooo.
Real estate sharps say that the new valuations
are around 80 per cent.
Tt4st as a reminder that the reform Tax De
artrnent is no respecter OF persons, the assessed
valuation Of Tammany Hall raised from
sl25 600 10 -S.9-se 600 AS this is only about -
per cent o. -a.c sfal value of the plant. 1t VIII
be interestiBA a. what the next Tammahy
administration does with the new assessment
The following tables give in concise form the
comparative assessments and increase for the
Narinlls hnroughs: