The Providence news. (Providence [R.I.]) 1891-1906, 1903-01-13
Assessors Nearly Double the
Valuation Of Big Parcels.
BUT RATE WILL Be DECREASED
In the Personal List Andrew Carnegie
Leads With S5,OOO,OOO, Just Double
RockefeIler's Rating.

New York, Jan. 13-An increase in tho
assessed valuation OF the greater city Of
81. 42e 452. .ss7 in real and 1896 s5l.it3 in PR
sonal property was shown ny the tax
books which were opened Tor public in
spection yes terday This H. an Increase
Vf nearly 30 per cent I'm the real estGtc
valuation.
The opening OF the books with the ten
IN tive assessments this year attracted
more than usual attention. they Gavc
the reassessment under the full value
plan. That tho rate for the ensuing year
will be smaller than ever before Is clearly
shown. and the tax commissioners saw
no reason today 10 change the estimate
made by the comptroller on Saturday OF
rate OF leo except the sinking fund
relief plan be passed by the legislature,
when IL will be ~ lower
From other sources Il was learned how
ever that the tax rate, after the per
sonal property assessments have been re-
duced AS usual. Is not likely to be as
low as has been indicated by Mr. Grout.
The more probable figures were said to
be $l.6, or. i'm case the Stevenson plan
is adopted Si.50
Comptroller Grout. when seen this af-
ternoon. was very much gratified over
the figures. He said:
This move will be much appreciated
It's full meaning 70 them. In the first
place the fixing Of the assessment will re-
suit in an even and uniform tax rate in
the future, or in the event OF an increa 60
II VIII result in placing the responsibility
upon the officers Of the municipality.
I'm the past with property assessed at
fuctuating percentages II has been an
easy matter for the municipal authori-
ties whenever they found that they were
spending an unusually large amount OF
money TO go out and put up the assess
ments here and there. and thus make tip
the deficiency. Or the other hand, with
the present uniform assessment with all
property assessed at IT'S full value. such
tricks will be impossible and the people
will be able TO tell whether an admins
tration Is extravsgant or not"
INCREASE IN VALUATION.
In detail the figures for the real estate
assessments show some startling in
creases In the valuations placed upon
large properties, both about town and in
the residential and hotel sections Some
or these increases amount TO 100 per cent.
indicating that the properties have htth-
erto been assessed at less than half their
actual value.
As a whole. II Is not thought that the
rule Of full value assessment has been
ristdly followed In several conspicu-
Gently been sold they are down In the
books for about 80 per cent Of their actual
selling price. But that, the authorities
claim, is substantially full value. since
properties often sell under favorable cir
cumstances for more than they would or
dinarily bring
Conspicuous Increases In the years as
sesSmcnts are suoh as the Hotel Savoy.
which is raised from 81. .o00.0co to s.. 200. 900;
the Manhattan. 81 .5O,0c0 to $500 900: the
New Netherlands. Sl.Cp0 600 TO 81 200. on:
the Herald building, 81 ,o00o01 TO 81 500. .O0C;
the Hanover bank. sl.2oo, ,OpO to s.. 10000.
The new Macey store Is put down as
h hn ~fa ma NC CiNt,
and grounds are assessed at 81 600. 600 The
Astor house goes ND from s2,Do,0D to
50, 100000
The new Fuller building Is valued at
s.. 800. 900 and the new Stock exchange at
81. fD0. coo. The Metropolitan club goes UP
from $3.50. .OO0 to s1.50o.0O0 and the Metro
pohtan Opera house from 81 550.g0 10
s.. $50 900 Del~lonico's Is doubled. Sherry's
Increased 81 per cent.
CARNEGIE LEADS
In the assessed valua tons OF pereonall
property Andrew Carnegie heads the Est
at 5000 coo Among those not taxed by
reason OF having sworn of their taxes on
the ground OF being non-residents are
Richard Croker OF Vantage. Herman
Oelricns william Waldorf Astor. George
j. Gould and Elbridge T. Gerry. Here IL
a list OF the personal assessments Of "iu-
gems prominent In one or another walk OF
hfe: